EUR/USD is moving lower on Wednesday. At 1045GMT is trades at 1.0885, slightly above the 1.0878/76 level, where the weekly R2 and the monthly R1 are located at.

Sterling keeps trading above the 1.28 level. A move north would likely lead the exchange rate till the 1.29 mark. A consolidation towards the 1.2746/43 level, where the weekly PP and the monthly R1 are located at is also on the table.

Dollar/yen managed to close above the 111 benchmark on Tuesday. The next targe lies at the 112 level. Though, the buck could ease a bit lower and test somes levels below the above mentioned close level during today's trading session.

Gold trades at 1.265. The risk-on sentiment is prevailing this week.
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