A concerted slide in the euro against most of the other currencies sees EUR/USD taking a look at bids and previous lows at 1.3020. It’s looking like a break will happen soon and we could slip quite quickly down to more buyers ahead of the big figure at 1.3000.
If you missed it or have just joined us here is the tech view for today.
EUR/JPY is right off the boil as well down over 100 pips since last nights highs.
Adding to the woes is USD/JPY failing again at 100 and the inevitable inability to maintain a push. We’re back down to Fridays closing levels and if 99.50 breaks then we could slip back into Fridays range.
