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.