Today’s highlights:
EURUSD breaks to a new cycle low leaving the trend directly bearish to 1.3104, then our 1.3020/15 target.
EURGBP’s break below .7922/16 signals a resumption of the downtrend for our core target at .7800/.7790.
EURJPY below 136.41/36 should confirm a break of the medium-term uptrend.
USDJPY though stays bullish for a retest of the recent high/78.6% retracement at 104.47.
USDCHF breaks to a new cycle high and we stay bullish for .9251/72.
USDCAD completes a bullish “reversal day”, suggesting the
corrective setback may already be over.
GBPUSD consolidation extends, but we stay bearish for 1.6460, then our core downside target at 1.6283/52.
Read the full report: FX Daily