EUR
Comment: Pushing one small step higher again and with a little luck the 9 and 26-day moving averages will cross to positive. Could do a better if a few other currencies helped it along.
Strategy: Buy at 1.2965; stop below 1.2750. Add to longs on a sustained break above 1.3100 for 1.3200 and eventually 1.3600.
EUR/JPY
Comment: Testing the top of the band that has held since October and the Euro is overbought. There is no guarantee that this will continue to hold, but a sustained break above 130.00 is probably unlikely this week, maybe for the rest of the month.
Strategy: Attempt small longs at 128.05; stop below 125.00. Add to longs above 128.75 for 130.20/131.00.
GBP
Comment: Little to add as hover between the 9-day moving average and the 26-day one.
Strategy: Attempt longs at 1.4045; stop below 1.3700. Short term target 1.4200, eventually 1.4500.
JPY
Comment: Holding rather unsteadily above the fairly pivotal 97.00 area. Allow for more of the same today and maybe all week.
Strategy: Attempt small shorts 98.70; stop above 99.25. Add to shorts on a sustained break below 97.00 for 96.00 short term and probably 93.00.
