EUR/USD still trending higher
So far this morning an early spike above $1.14 has been stymied, and with the intraday chart overbought we could see a reversal. In this case, we would look to support at around $1.13.
But with the currency pair trending higher on the daily chart, dips are likely to be short-lived, and should be viewed more as buying opportunities.
It would take a close below $1.12 to cancel out the current bullish outlook.
AUD/USD momentum may have stalled
The price is heading towards the rising trendline of the daily chart (the trend that began back in January), along with the rising 50-day SMA ($0.7535), which may indicate a turn higher could be upon us soon.
However, for now it looks like bullish momentum has stalled, so traders could take the opportunity to sell into strength, with a first target on the downside of $0.7550, and then on down towards $0.75.
USD/JPY shorts could unwind
It makes sense to treat this pair with kid gloves, but the definitive move below ¥108 means any bounce in coming sessions is likely to be viewed as a selling opportunity.
Current oversold conditions on the intraday chart, plus month-end mean we may see an unwinding of USD/JPY shorts that could push the pair higher in the short-term.
Resistance is likely to be found around ¥108 and then ¥108.70.