The Risk Today:
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EurUsd Below 1.2798 minor support will suggest that recent decline from 1.4719 is resuming for retest of 1.2329 low. Though downside might be contained there initially and bring some consolidations first. At this point, while another rise cannot be ruled out, upside should be limited below 1.3329 resistance and bring fall resumption.

GbpUsd GBP/USD edges higher to 1.4577 but lacks follow through buying yet. Nevertheless, intraday bias remains mildly on the upside as long as 1.4324 minor support holds. As discussed before, a medium term bottom might be in place at 1.3053 after failing to sustain below key long term support of 1.3680. Further rally is now in favor towards 1.5722 resistance next.

UsdJpy USD/JPY continues to engage in choppy sideway trading below 90.74 without committing to either direction. As mentioned before, decline from 94.61 to 87.12 could either be just a falling leg of the consolidation that started at 87.13 or resumption of down trend. Further rise is mildly in favor as long as 88.43 minor support holds. Above 90.74 will indicate that the third leg of the consolidation has started for a test of 94.61.

UsdChf USD/CHF continues to consolidation in established range of 1.1313 and 1.1714 today and such development is consistent with the view that rise from 1.0366 is still in progress. Above 1.1714 will confirm rally resumption and target a retest of 1.2248/96 resistance zone. However, note that break of 1.1313 support will confirm that rebound from 1.0366 has completed and will bring deeper decline towards 1.0864 cluster support.