EUR crosses/EUR/USD/FXWW News/Technical Analysis/Trade Ideas

EUR/USD: Short side favoured as crosses look bearish

  • EUR/AUD is back at longer term median levels near 1.55 (although the daily up-trend remains in place);
  • EUR/GBP is headed back sub-.80 in coming months (imho of course);
  • EUR/JPY as mentioned below, trying to form a topping formation below 143.00;
  • EUR/USD weekly technicals suggest to me that we are more likely to move lower.

I don’t expect any sudden trend to emerge but I do think that selling intraday rallies is the way to play EUR/USD.

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