Today’s highlights:
* EURGBP: The risks are still seen lower to .7790 then .7755/40 ahead of the .7694 2008 low.
* EURJPY: Trend support at 96.20 has held further to keep the immediate coiling range intact.
* EURSEK: Trend and 21-day MA resistance at 8.3340/56 continue to cap to keep us still aiming at the 8.0480 2000 low.
* EURNOK: Neckline and price resistance at 7.3465/94 continues to provide a ceiling and we look for a turn lower for the 7.2176 low.
* NOKSEK: The range lows at 1.1208/04 are expected to hold at first for a bounce. However, while 1.1355 minimally caps the risks are lower to 1.1090/49.
* AUDNZD: The spotlight remains on the 1.3064/88 range high.
Today’s trades/ positions:
* EURGBP: Flat, sell at .7882, stop at .7908 for .7755.
* EURJPY: Long again at 95.80, stop/reverse at 94.90, for 98.00.
* EURSEK: Sell at 8.3340, stop at 8.3580 for 8.0500.
* EURNOK: Short at 7.4316/29, stop at 7.4980 for 7.2200. Add to shorts at 7.3465/94.
* NOKSEK: Short at 1.1381, add to shorts at 1.1355, stop at 1.1455, targets 1.1090.
* AUDNZD: Flat, sell at 1.3064, stop/reverse at 1.3106, for 1.2900.
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