The Euro broke medium-term resistance at $1.32 and is testing the next level at $1.34. Breakout would indicate a primary advance, while respect of resistance (indicated by reversal below $1.32) would warn of another test of primary support at $1.27.
The greenback is oscillating around resistance at ¥100 against the Yen. Follow-through above ¥101.50 would suggest a new advance, while breakout above ¥104 would confirm, offering a target of ¥114. Reversal below ¥98 remains as likely, however, and would warn of a test primary support at ¥94.
The Aussie Dollar also continues its primary down-trend against the greenback. Breach of medium-term support at $0.90 suggests a decline to $0.87, but the long-term target is $0.80.
