ForexLive Asian market open: EUR, AUD maintaining strength

Author: Sean Lee | Category: News

The events that immediately catch my eye this morning are that the AUD/USD is above .9000, the fact that support in EUR/GBP at .8310 held again, moderate strength in EUR/CHF and the slightly lower USD/JPY.

My immediate reaction to this is that the EUR/USD market wants to rally some more and that we may see an exhaustive rally into the mid 1.30’s before the market settles again.

It will be a quiet session on the economic-data front.

Good luck today.

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