EUR: Attempt small longs at 1.3845

EUR Comment: A waste of time as prices creep across the page around the moving averages. Expect more of the same today. Strategy: Attempt small longs at 1.3845; stop well below 1.3740. Short term target 1.4050. EUR/JPY Comment: Testing the middle of the range that has held since March and trendline support. It is just a matter of time before we drop to the Ichimoku ‘cloud’ and break below it because the cloud is thin. Over the next few weeks we favour a drop to the 126.00 area. Strategy: Sell