EUR/USD session outlook; look to the crosses for guidance
- EUR/JPY is in a bull phase but is heavily overbought and liable to sharp retracements:
- EUR/AUD has turned bullish in last few days after clean break above 1.2420:
- EUR/GBP is moderately bullish but stalling ahead of resistance at .8110, so also liable to pullbacks:
- EUR/USD has possible double-top in place at 1.3005/10 but range-trading mode still dominates:
With the main 3 crosses in moderate to strong bull phases but with some overbought indicators present, I’d suggest a buy-deep-dip strategy here. Bears can try selling near 1.3000 with a tight stop above 1.3030 and bulls should be patient.