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EUR/USD Poised to Challenge 1.40

The EUR/USD rallied sharply to start the 3/13 European session, another push toward the 1.40 handle. The market stalled the rally during the US session. The oscillators in the 4H chart show short-term overbought conditions, which may need to be resolved before the market can push EUR/USD higher.


(EUR/USD 4H Chart)

Tomorrow, we are void of any key Eurozone releases. From the US side, there is PPI data, but the Umich Consumer Sentiment data could be a market mover in the near-term.