Overnight saw new lows in EUR/CHF, EUR/AUD and GBP/AUD as Euro remains generally offered, Sterling looks ordinary with Cable closing the US session below 1.5400 & EUR/GBP above 0.8500; and the AUD soldiers on…..
However as we have only six sessions before the holiday and liquidity will keep reducing I would be wary of not considering some profit-taking reversal specifically in EUR and Cable; I still hold to my recent comments on the AUD – the others go down 100 points and the Aussie retreats 10 pips ?!
It’s gotta tell you something….
