EUR/JPY formed a hammer on Friday as traders closed out their bearish bets. The G20 meeting over the weekend could produce some kind of Euro positive statement, and this could push this pair forward. However, we feel that the 1.05 level could prove resistive, so any longs here would have to be short-term in nature.
EUR/AUD is presently pressing against resistance in the form of the 1.3850 level. The area is the bottom of a massive shooting star that sold this pair off last time, and should continue to be resistive. The pair looks like it wants to pullback, and we see the 1.35 level as a natural support area.
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