• EUR/GBP is consolidating below previous support at .8160 and medium-term bear targets near .77 are starting to come into view;
  • EUR/AUD ran into a brick wall near the previous long-term mid-rate around 1.55 and is likely to settle into a new long-term range with a mid-point closer to 1.40 according to my analysis;
  • EUR/USD has stalled on two occasions now near 1.3635 but if this breaks cleans then bearish momentum will increase.
  • Finally, the Buba seems to have gotten out of the way of the ECB when it comes to easing policies and they will join in with the Fed and BOJ in the great printing race!

Sell any rallies in EUR/GBP and EUR/AUD are the very clear trades to me and I will trade these more aggressively if 1.36 breaks in EUR/USD.