EUR crosses: Favour some topside action into European open

  • EUR/AUD has taken out short-term resistance levels near 1.4700;
  • EUR/GBP is trading near it’s important technical pivot at .8160 and we could see some short-covering pre-economic data in UK;
  • EUR/JPY saw plenty of break sellers once it established below 140 but the short-term charts are also looking a bit oversold;
  • EUR/CAD is another pair looking modestly oversold on the short-term charts.

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