0
131
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, EUR/JPY, and USD/CAD.
EUR/USD: The first hurdle on the way lower is 1.1150/55, and if that breaks we think the pair may test the low of 1.1090 from the previous US payrolls release. We do not want to be short at these levels, but would get involved on any move closer to today's high of 1.1206, with a stop at 1.1255.
EUR/JPY: Japan is still off for the second of three public holidays this week. In general, the market lacks guidance. We prefer selling around 135 with a stop above 135.45.
USD/CAD: is still grinding back higher. We would stick to slowly fading this bounce toward 1.3300 with stops above 1.3360, targeting another test of 1.3000.
