EUR/USD is trading at a narrow high range between the previous high of 1.0980 and 1.10. It did flirt with this level following the better than expected German PMIs but could not make the real break.

The attention of markets has shifted to the tragic crash of flight 4U9525 from Barcelona to Dusseldorf. 154 people have reportedly been on board the German Wings flight that crashed in the French Alps. Details are still emerging and there is fear not only for the passengers but also for people on the ground.

Read the rest of the article EUR/USD bounces on first test of 1.10 – market attention diverted