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Flash: EUR/USD signs of recovery

FXstreet.com (London) - Research teams at Commerzbank said that EUR/USD saw signs of recovery again just ahead of the 1.2821 support line.

Adding, that the pair continues to range sideways between last week’s low at 1.2821 and the 55- and 200-day moving averages at 1.2978/1.3029. They continue to view the near term upside probes as corrective only and the risk remains on the downside. They see minor support at 1.2821/1.2796, which guards the 1.2740 April low and the 1.2679/61 long term Fibo.

USD/JPY continuing to consolidate lower

In a general trend to the upside, above 96.50 targeting 105.00 the psychological figure, USD/JPY is continuing to consolidate and there has been a big clean out of long positioning.
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USD/CHF loses grip on 0.9600 level

The USD/CHF weakened further Thursday, falling below the 0.9600 level during European trading and after upbeat Swiss data earlier.
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