EURUSD: 1.4720 the next level on top
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With the USD under pressure again today, EURO traders are targetting the 1.4720-30 area as there line in the sand. This area has proved resilient last week with a technical double top in place. If we can convincingly clear the 1.4730 level then its up to 1.4800 we go. EURJPY has managed to hang in there for now on the back of a bid EURUSD. However it has failed to make a new high for the last four days. 132.00 is your level on top, sell towards that level with a stop above 132.20.
