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EUR/USD: Bullish S/T Targeting 1.08; USD/JPY: Bearish S/T Targeting 111 - BTMU

From efxnews.com

EUR/USD – BULLISH BIAS – (1.0450-1.0800) Again, like above, there are no obvious risk events to focus on in the week ahead and hence our inclination is to give the current momentum greater influence in the bias for the week ahead. We don’t really agree with selling the dollar on the back of the FOMC minutes but the softer dollar momentum might have legs given there is nothing to necessarily alter that for now – certainly not from a global macro perspective. Of course, the obvious risk the other way is that French political risk escalates again and we see that drag the euro lower. Opinion polls will be key in that. ... (full story)

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