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Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB
EUR/USD: Neutral: Bullish if daily closing above 1.0870/75. We highlighted yesterday that EUR has to close above 1.0870/75 to indicate that it has moved into a bullish phase. The daily closing of 1.0865 was just below this level and the condition is not met. That said, the current positive undertone is still intact and only a move back below 1.0795 would indicate that a temporary top is still in place. Until then, the risk of sustained rally could not be ruled out just yet. GBP/USD: Bullish: Next target at 1.2705. While the ease of which the strong 1.2570 resistance was taken out came as a surprise, the up-move was ... (full story)