Forex Analysis: Euro Expected to Extend Drop, Yen Short Profit Booked

Major Currencies vs. US Dollar

(% change week-to-date)

• EURUSD Short Hits First Target
• GBPUSD Continues to Flirt with 1.60
• USDJPY Long Trade Profits Booked
• USDCAD Targets Parity Level Anew
• AUDUSD Stuck in Familiar Range
• NZDUSD Clears Key Channel Support

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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