- EUR crosses continue to look very heavy and the weekly close below .8000 in EUR/GBP certainly strengthens the bear’s case.
- EUR/NZD is in a solid downtrend.
- EUR/JPY is still the great unknown; will the medium-term up-trend re-ignite or will longer-term Japanese investors be forced out of EZ assets through a move lower in the EUR/JPY cross?
- EUR/USD has a definite bearish feel to it and the market is really keen to sell imho (but avoiding it due to lack of momentum).
I will look to sell any intraday rallies back towards 1.3650 and see what happens from there.