• EUR/CHF has vital SNB support at 1.2000 and this should support EUR/USD on dips
  • EUR/AUD and EUR/GBP have both seen significant short covering in last 24 hours
  • The EUR/USD hourly chart seems to be forming an upward sloping channel with parameters roughly at 1.3600/1.3750

I would look to play the edges of this latter range with a mild bullish bias in short-term, given the action in the crosses