EUR crosses/EUR/USD

EUR/JPY looks to have well and truly broken higher now

This Yen weakness is impossible to staunch it would seem and the latest in a long line of really strong technical levels has been broken; the 61.8% retracement of a 5-wave downmove. I would not try selling EUR/USD unless it gets very overbought as there will be plenty of EUR demand coming from this particular cross.

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