The EUR has rebounded very impressively again, with EUR/GBP and EUR/AUD again leading the way. An almost 200 pip bounce off intraday lows is very impressive indeed and I’m sticking to my view that we see a 1.35/1.40 range over the coming weeks. USD/JPY is steady but drifting slowly lower, EUR/CHF has yet to challenge 1.2000 but isn’t really bouncing, and the AUD is the most ‘out-of-favour’ of the majors but some buyers are starting to emerge.
Good luck today.
