EUR/USD establishing now above resistance levels
Most people are very surprised to see such big moves this morning in the FX market but they are showing no sign of slowing down. EUR/USD looks like it will now start to stablish a base above previous resistance at 1.4340 and shorts are forced into covering before it runs away.
Interestingly enough, USD/CHF is holding above support at .8465 and EUR/CHF is starting to move higher. EUR/JPY is also challenging some chart resistance at 116.40.