United States 7-Year Note Auction down to 1.96% from previous 2.018%

The EUR/USD rose 90 pips from 1.2440 to break above the 1.2500 area and to trade at highs since November 11 at 1.2530 during the American morning; however, the pair found selling interest at this level that sent it back to test the 1.2500. This level contained the decline and now the cross looks ready to set new highs.