Its been very quiet in the Asian FX market with nothing of note happening at all.
EUR/USD is stuck just above the 61.8% retracement of the 1.30/1.37 move which is at 1.3260 and the 55-day MA also comes in near the same level, which has also been a good indicator in recent times.
A clean break below here should open the way for a move lower to 1.3060. Short-term traders may jump on for this move but I prefer to be patient and wait for dips to buy, as I think the big EUR cross buying isn’t done with yet.