FX Daily Majors

Today’s highlights:
EURUSD has staged a bearish breakout, turning the immediate risk lower for 1.1098 at first, ahead of our core bear target at 1.0836/1.0765.
EURGBP spotlight stays on the 61.8% retracement of the 2000/08 rise and March 2003 peak at .7258/54.
AUDUSD has completed a bearish reversal day, leaving the immediate risk lower for .7738/22, below which is needed to expose the cycle low at .7626.
NZDUSD’s immediate risk remains higher for .7578 initially, ahead of a retest of .7615/41.
USDJPY needs to break above 119.85/96 to see further upside for a tougher barrier at 120.38/50.
GBPUSD’s immediate risk can stay higher for now while holding above price support at 1.5316.
USDCHF stays bullish for the 76.8% retracement resistance at .9624 next.

Read the full report: FX Daily