Forex Market News
- The EUR/USD has failed in its first attempt to breach 1.2780 falling short as it met strong selling in the 1.2765/70 region. The Cable has recovered somewhat after its sharp fall with the AUD/USD also drifting off its high of 0.6496.
- The EUR/GBP isn’t backing off and is currently threatening the important 0.8800 level. Expect stops above 0.8830 with a hold below 0.8800 opening the way for a move to 0.8650.
- Despite a brief dip below 1.4800, the EUR/CHF is again trying to recover some lost ground and i continue to feel that a hold above 1.4700 opens the way for a retest of the 1.5000 level.