With European markets closed today, there is little action going on. The Chinese CPI increased by 3.6% in March Y/Y and the food component 7.5 % Y/Y , reducing somewhat the scope for aggressive monetary easing .
I covered the short in EURJPY at 106.42 and half the EURUSD at 1.3035, on a tactical basis. With such illiquid markets to take some profits seemed the reasonable thing to do.
EURUSD DAILY Weekly
PP 1.308775 (red line) 1.3170
Mid R1 1.311025 1.3237
Mid S1 1.307225 1.3065
R1 1.312275 1.3204
R2 1.314775
R3 1.320775
S1 1.306275 1.2960
S2 1.302775
S3 1.296775
EURJPY
PP 107.05 108.15
R1 107.58 108.78
R2 108.35 112.75
R3 108.85
S1 106.30 105.20
S2 105.77 103.57
S3 105
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