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Keep an eye on EURUSD

EUR
Worth keeping an eye on EURUSD, as we attempt a test at the 23/11 low at 1.18000.
  • USD got a little boost with better selling going through in Equities on the EU cash open, but indices are fading off the lows, with Estoxx futures now closer to the top of the range.
  • This might limit the buying momentum in USD.
  • Nonetheless a clear break through the latter would open to MNI tech 1.1752 1.236 proj of the Jan 6 - Feb 5 - Feb 25 price swing

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