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.