EUR/USD is back under pressure after a modest midday rebound to the 1.2730 area. We’ve dipped to the high 1.27-oughts and EUR/JPY has come down to the low 106.40s.
As Lilac points out (the naughty little book-talker), EUR/JPY is eying the 106.16, the intervening low between the double tops at the 109.56 level. A break targets 102.76, on a measured move basis.
