• The EUR looks quite strong on the crosses with EUR/AUD consolidating gains and EUR/GBP rebounding sharply;
  • The break above 1.3625 reinforces the medium-term bullish outlook for EUR/USD;
  • Nevertheless, this pair has basically been sideways trading for the last year so don’t get carried away. I’d look to trade a 1.3575/1.3775 range in coming days.