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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Bearish: Room to extend lower but 1.0820 is a major support. EUR broke several key supports last Friday and dropped to a low of 1.0905/10. The short-term rebound from the low appears to be corrective in nature and a break below 1.0905/10 could lead to further drop to the very strong support level of 1.0820/25 (low last seen in March). Resistance is at 1.1170 but only a move 1.1300 would indicate that an interim low is in place (key levels are far apart after the volatile move last Friday) GBP/USD: Bearish: A move to 1.3000 would not be surprising. While further GBP weakness would not be surprising, the ... (full story)