EUR/USD still on the decline
The euro continues its descent, with no rebound in sight yet for EUR/USD.
The current downtrend would be broken with a move above $1.1880, but even then any rebound that fails to clear $1.21 would likely be a fresh selling opportunity. The next target on the downside is $1.1717, the December low.
EUR/USD price chart
GBP/USD holding for now
Consolidation appears to be the order of the day, as the GBP/USD price hovers around $1.35.
A bullish move requires a close above $1.3659. Further declines will target $1.3321.
GBP/USD price chart
AUD/USD selling continues
AUD/USD rallies have been sold since the beginning of the year.
While downward momentum looks strong at present, a rebound could be in the offing. This would require a move back above $0.7473.
AUD/USD price chart