Currency technical analyst Jamie Saettele analyzes the euro against the Japanese yen, Swiss franc, and British pound.

There is potential for a sizeable rally in the EUR/USD as long as price turns higher from the current levels.

Stretched short positioning in the USD/JPY currency pair indicates that the risk of a reversal is high.

Intraday bullish divergence with oscillators on the hourly charts favors a turn higher in the EUR/USD currency pair.

Jaime Saettele writes that there is potential for a sizeable rally in the EUR/USD as long as 1.3414 remains intact.

Jaime Saettele writes that the C wave down that we have been looking for in the USD/JPY may be under way.

Now with central bank decisions out of the way, the market turns its focus back on economic fundamentals. And once again, consumer prices will emerge as the one big report that everyone will be targeting.

The Dow Jones Industrial Average has recently broken the all-important 13,000 barrier while the dollar currently sits at all-time lows against the euro and multi-decade lows against the British pound.

Jamie Saettele writes that the EUR/JPY currency pair's well defined channel offers breakout and reversal opportunities.

Jamie Saettele is still looking for price to come under last week's low at 1.3541 to more strongly signal that a top is in place.