Today’s highlights:
* EURGBP: The break of trend support now at .7955 keeps the bias lower to .7790 ahead of .7755/40.
* EURJPY: The focus turns to trend support at 95.90. Capitulation through here would see bearish forces mount for 94.92 ahead of
94.11.
* EURSEK: A new cycle low keeps the downtrend firmly in force and our focus on the 8.0480 2000 major low.
* EURNOK: A bearish outside day keeps the risks lower to the 7.2176 price low.
* NOKSEK: We remain firmly bearish and look for a break below 1.1208/04 to test our core target at 1.1090/49.
* AUDNZD: The spotlight remains on the 1.3064/88 range high.
Today’s trades/positions:
* EURGBP: Flat, sell at .7900, stop at .7968 for .7755.
* EURJPY: Long again at 95.80, stop/reverse at 94.90, for 98.00.
* EURSEK: Sell at 8.3050, stop at 8.3575 for 8.0500.
* EURNOK: Short at 7.4316/29, stop at 7.4980 for 7.2200. Add to shorts at 7.4135/4143.
* NOKSEK: Short at 1.1381, add to shorts at 1.1396, stop at 1.1455, targets 1.1090.
* AUDNZD: Flat, sell at 1.3064, stop/reverse at 1.3106, for 1.2900.
Click here to read the full report: CS_Daily_Crosses
Credit Suisse