The euro/usa currency pair has moved below key support at 1.3200 and while the market is focused on 1.3300 this is not a key area for us.

I expect the pair to move slightly higher towards 1.3265 area then a sharp drop below key support at 1.3200.

Only a sustained move above 1.3200 will take the pressure off the downside. A sustained break of 1.3200 targets the 1.2800 area and this is very likely at this time.

Usa/jyn longs survived the overnight dip and sell off in the equity markets and closed above key support at 97.08 which suggests the uptrend will resume however very important to watch Yen crosses.

For alook at today’s trades please click on the enclosed link.