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Fresh intraday highs for the EUR

EUR
  • The EUR stays supported throughout the early morning European session, at fresh intraday high against the USD, GBP, JPY, AUD, CAD, CNH, TRY, and starting to find an underlying bid versus the Scandies.
  • The main focus is squarely on the Yen, although the latter has found some demand against the USD, with the Dollar offered on the back of the Risk On tone.
  • EURJPY is slowly getting closer to that 171.56 high, the pre last intervention peak, which was also the highest printed level since 1992.
  • EURGBP now tests the next immediate resistance, right here at 0.8475 20-day EMA.

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