EUR crosses recover all of previous day’s losses
EUR/JPY is re-testing recent highs at 127.00 and EUR/CHF has confirmed technical support at 1.2260 (charts updated in members). I still think the events of two nights ago show that the EUR bull move is running out of steam and that we will get some prolonged periods of consolidation. Nevertheless, all EUR dips are currently buying opportunities as long as the bulls are in overall control.
EUR/JPY will likely attract the bears and contrarians today as we near recent highs but on the flip side of that, there will undoubtedly be stops waiting above 127.10. EUR/AUD will be the other pair to watch out for later during Asian trade.
Australian retail sales is the only notable release on the economic calendar.