FXstreet.com (Barcelona) - The Euro tried to break resistance levels against the Dollar, according to James Chen, Chief Technical Analyst at FX Solutions: A tentative break of resistance has occurred as of this writing on EUR/USD, which has continued its bullish push despite many signs to the contrary.

Furthermore, Chen advances the possibility of new records depending on tomorrow's very important data: We are quickly approaching the all-time highs around 1.6000 now. The fundamental events occurring tomorrow (Thursday morning) in both the U.S. and Europe will set the stage for whether or not this break has follow-through, and whether or not the pair will be setting new records.