EUR/USD: Technical resistance still holding
Europe are getting up and about now so let’s see if we can’t find a few trades. There is decent technical resistance at 1.3145 in the EUR/USD and as we’ve stalled there on 2 occasions over the last few sessions, I’m tempted to try picking a top for a 100 pip dip. I got a bit burnt trying to daytrade on Friday so I’ll keep my powder dry for the moment. I’m still of view that cable is a 1.6140/1.6300 short-term prospect and AUD/USD should be also a range trading proposition.