EURAUD, EURJPY, EURUSD, EURCAD pushing higher
There has been a push higher in anything EUR in the last hour or so of trading as traders focus on the hopes for a further recovery in the EU and other currencies like the JPY and AUD are weaker on the day.
The AUD has been under pressure for the day. The pair fell below a cluster of support defined by trend lines, the 100 hour MA and the 38.2% retracment. That has helped keep the pressure on that pair.
Although crude oil prices are higher on the day, technically, the price of the USDCAD rose above some technical resistance at the 1.20813 level and ran higher.
For the USDJPY, it broke above the 200 hour MA and the 50% retracement at the 119.28 and has been running higher since that time....
