I continue to maintain that EUR/USD is in a consolidation phase between 1.3550/1.3850 which I expect to eventually break higher (but that could be in 3 or 5 weeks time). EUR/JPY, as we’ve discussed in the comment section, is trying to form a top at 125.25 and that level is looking technically quite strong. EUR/GBP has turned sharply south over the last few sessions as longs get nervous and start bailing. Once that pair starts moving in one direction with a bit of momentum, who knows where it will stop.