EUR crosses: Prefer to look for rally-selling opportunities by Sean Lee

EUR/USD has been very volatile inside a 1.07/1.10 range since the Fed last week with uncertainty encouraging USD bulls to book some profits.

The underlying fundamental story for the EUR remains bearish so I prefer to look for rally-selling opportunities in pairs like EUR/GBP and EUR/AUD.

  • Next technical resistance of note in EUR/GBP is near .7400 (38.2% retracement and a prior low).
  • Short term resistance in the EUR/AUD looks quite firm near 1.4000.

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