Can’t keep a good euro down. The latest impetus for a firmer euro is a break of very strong resistance in EUR/AUD which confirms a major bottom is in place in that pair. EUR/GBP is bouncing back and EUR/JPY is in the rise again as well, eying 124.00 barriers. Larger barriers are at 125.00.

Resistance on the dailies comes in in the low 1.3580s but is nothing major…

Update: JP Morgan just issued a buy recommendation in EUR/AUD with a target of 1.43 and a stop of 1.2735, adding on dips to 1.2900.