EUR/USD looks firm and gently squeezing north with this morning’s high of 1.2688 not far away and then the test of 1.2700 where we believe stops lurk.
Earlier in the run to the high following the AUD rush of blood, stops at 1.2685 were taken out but were not as large as we were led to believe; I suspect differently at 1.2700/15.
My target is 1.2885 if we get through
Meanwhile the market is much quieter than I expected, suffering from some profit taking drift of the earlier strength
EUR/GBP approaches 8400 with some recent buying; expect stops on a break upwards
