· Overall volumes dropped at the end of the week with activity being pared back across the board in G10 space.
· EUR/NOK activity was more than double the previous day’s volumes as profit taking forced price back within the former range. A low close today would signal a move toward range lows.
· Declining Volumes in EUR/USD, GBP/USD, USD/CHF and USD/JPY point to lack of investor commitment to recent USD weakness.
· Selling activity over the past week in EUR/JPY has seen a drop in volumes.
Read the full report: Technical Research
Barclays