EUR crosses: Modest bullish tendencies
- EUR/GBP close above previously strong resistance at .8600 is a bullish indicator.
- EUR/JPY has been choppy around 130.00 but the trend is still bullish and it’s up to the bears to wrest back control.
- EUR/CHF still looks liable to sharp moves higher but the professional speculative market is quite long already.
No clear view coming out of the EUR crosses at the moment so stick to swing/range trading mode.