Today’s highlights:
* EURGBP: Coiling sideways ahead of the 55-day average placed at .7969. A break above here sees risk up to .8013.
* EURJPY: Failure at 97.85 resistance so far. A break above here however would allow for a recovery higher to 100.01 retracement
resistance.
* EURSEK: Short-term bounce underway towards 8.4217 trendline resistance, but while below 8.4635/5052 the broader decline looks set to continue eventually for 8.0480.
* EURNOK: Counter trend bounce very short-lived, with the market wiping out gains and breaking through the 7.3494 low. This move exposes return line support placed at 7.3065.
Today’s trades/ positions:
* EURGBP: Stopped out at .7958 for .7755. Buy at .7921 target/reverse at .8008, stop at .7910.
* EURJPY: Buy again at 95.80, stop/reverse at 94.90, for 98.00.
* EURSEK: Sell at 8.4200, stop at 8.5055 for 8.2765.
* EURNOK: Short at 7.4316/29, stop at 7.4980 for 7.2200. Add to shorts at 7.4135/4143.
* NOKSEK: Sell at 1.1381, stop at 1.1455, targets 1.1090.
* AUDNZD: Reversed short, stop at 1.2995 for 1.2800.
Click here to read the full report: FX Daily
Credit Suisse