EUR/USD set to break 1.3368

We remain USD bears versus the European currencies and expect EURUSD will challenge 1.3368 once more.

USDCHF should continue to trade heavily below 1.2291, targeting 1.1984 en route to 1.1879 and we believe GBPUSD will overcome the 1.9849 trend high for an extended up-move to 2.0100.

AUDUSD remains bullish, with the focus on the cluster of resistance between 0.7990 and 0.8005, while USDCAD stands out as the lone USD bull as long as 1.1430 continues to provide a floor.