From Tokyo to the European session, the euro-dollar stayed mostly flat.
But once it reached the high of 1.1595 (from August 4), many people who had stop-loss orders started buying.
This pushed the euro above the key level of 1.1600 and it continued to rise.
During the New York session, the president of the Minneapolis Federal Reserve, Kashkari, said that two interest rate cuts this year are likely.
After this, the euro rose to 1.1668.
Today, new unemployment claims in the US will be announced.
Depending on the result, people who are selling euros may buy them back, pushing the euro even higher.
If this happens, the high from July 28 (around 1.17 late zone) may become the next target.
EUR/USD Expected Range: 1.1600 -1.1700 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.