Source: Bloomberg
EUR/USD keeps getting sold
EUR/USD intraday rallies continue to be sold, as we have seen over the past 24 hours.
Thus it seems we will push to $1.22 and $1.2166. Further declines from here would put the $1.21 level in play, and then the rising trendline from the April low.
EUR/USD price chart
GBP/USD finds support
The same pattern prevails here for GBP/USD, but the downward move is finding some buying so far this morning.
A move higher would target $1.40 and then $1.4150, with the January high at $.14345 the next big target. More substantial declines still target $1.3770 and then $1.3659.
GBP/USD price chart
AUD/USD attempts to rally
The sharp losses of the past few days have given way to some small gains for AUD/USD around the $0.78 level.
A bounce from here would target the $0.7850 zone, and then on to $0.80, while further declines bring $0.7750 into play.
AUD/USD price chart
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