- EUR/USD has stalled on a number of occasions at important technical support neat 1.3500 and there are certain to be trailing stops on the topside;
- EUR/GBP has been on a steady bear run after the conflicting central bank statements, but with momentum generally lacking, it feels as if shorts may soon start to book some profit. All it will take is some sort of clarification from Carney in particular and the shorter-term GBP longs will start bailing;
There is no strong reason to be long EUR but if the market is short and momentum is lacking, then we can expect short-squeezes from time to time.