The short-term trend remains bearish and with no obvious potentially-bearish events looming for the USD, selling rallies looks like the easier trade intraday. Some cross pairs like EUR/CHF look to be turning bearish again and the other two major crosses, EUR/JPY and EUR/GBP, are consolidating. Momentum is lacking so don’t be looking for substantial session ranges.
I’d expect the overnight high around 1.3565 to again prove hard to overcome and dips should be limited to the 1.3460 overnight low. My best guess at this stage is for a session range of 1.3490/1.3555.
