Talking Points:
– EURAUD may be bottoming; EURJPY rangebound.
– EURUSD turns more bullish per technical studies.
– Forex economic calendar thins out for Easter holiday weekend.
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We’re headed into a long holiday weekend in Europe and North America, leaving market participants needing more liquidity for sustainable trend shifts. The three most interesting EUR-crosses right now, EURUSD (FOMC vs ECB easing speculation), EURAUD (ECB easing vs Chinese growth concerns), and EURJPY (ECB vs BoJ easing) are setting up for moves out of the holiday weekend. Watch the video for a discussion on the levels we’re watching over the coming days.
Read more: AUD/USD, GBP/USD Still Ripe with Potential after UK Jobs, Chinese GDP
— Written by Christopher Vecchio, Currency Analyst
To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com
Follow him on Twitter at @CVecchioFX
Source: Daily fx
