EUR/JPY: The market is in the process of consolidating following the break to fresh multi-year lows by 105.40 in the previous week. However, while the price holds below the 20-Day SMA on a close basis, the overriding trend is still intensely bearish and rallies should be used as an opportunity to sell back into the trend. Only a close back above the 20-Day would negate and give reason for concern. At this point, we can not rule out the possibility for a test of 100.00 should the 105 handle be taken out.

EUR/CHF:Fresh record lows below 1.2900 have once again left daily studies oversold and in need of some major corrective relief. Any additional setbacks are seen limited, and the risks from here are for a more significant jump back towards previous support now turned resistance by 1.3340. We will be looking for opportunities to buy into dips.

EUR/CHF: Fresh record lows below 1.2900 have once again left daily studies oversold and in need of some major corrective relief. Any additional setbacks are seen limited, and the risks from here are for a more significant jump back towards previous support now turned resistance by 1.3340. We will be looking for opportunities to buy into dips.

EUR/JPY:The market is in the process of consolidating following the break to fresh multi-year lows by 105.40 in the previous week. However, while the price holds below the 20-Day SMA, the overriding trend is still intensely bearish and rallies should be used as an opportunity to sell back into the trend. Only a close back above the 20-Day would negate and give reason for concern. At this point, we can not rule out the possibility for a test of 100.00 should the 105 handle be taken out.