EUR crosses

EUR crosses break below short-term support levels

  • EUR/AUD has taken out the 38.2% Fibo at 1.2360 and has scope now for a much deeper retracement towards 1.2210:
  • EUR/GBP is consolidating below .8000 but should find plentiful support near the previous .7950 pivot:
  • EUR/JPY fell sharply once below 103.00 and the downside looks weakest here also with realistic scope for a re-test of 100.00 over the next week or so.

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