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

Weakness in EUR crosses main factor overnight

EUR/AUD, EUR/JPY and EUR/GBP are all a bit weaker than yesterday morning but the trend is not particularly strong. I think it’s best to play a bearish EUR strategy on the crosses by selling intraday rallies and covering on deeper dips. I also remain of the opinion that any falls in EUR crosses are more likely to come about through higher AUD/USD, higher GBP/USD, lower USD/JPY rather than a dramatically lower EUR/USD.

These markets are going to start slowing down as we enter July/August holiday periods in the Northern hemisphere, so we need to take that into account when planning any major medium-term positions.

Good luck today.

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