EUR: Attempt longs at 1.5575, adding to 1.5475 |
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EUR Comment: Holding above the nine-day moving average at 1.5476 again, suggesting we are setting up for a short squeeze at the end of this week. One way or another 1.5650 is the mid-point of the band since March and hardly something to get excited about. Strategy: Attempt longs at 1.5575, adding to 1.5475; stop below 1.5440. Short term target 1.5620/1.5650. EUR/JPY Comment: Inching to a new recent high at 168.38 yesterday. The Euro is very overbought so we continue to watch and wait for signs
Filed under: Technical
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