Today’s highlights:
* EURGBP: A choppy sideways range continues to dominate nearterm, but and we remain biased for a test of .7790 ahead of .7755/40.
* EURJPY: The grinding recovery remains intact for 98.65/77, where we would look for fresh selling to emerge.
* EURSEK: Prices remain capped by trend and 21-day MA barriers at 8.3050/84, which leaves the risks still lower to 8.0480.
* EURNOK: Prices are holding below trend and 38.2% retracement barriers at 7.4060/4100 and we expect this to continue to provide a ceiling and remain bearish for 7.2176.
* NOKSEK: Prices continue to be capped below trend resistance at 1.1325, which leaves us still looking for a break below 1.1208/04 for 1.1090/49.
* AUDNZD: Support is being found at the 200-day MA and price support at 1.2880/66 and we look for a rebound in the range from
here.
Today’s trades/ positions:
* EURGBP: Flat, sell at .7882, stop at .7908 for .7755.
* EURJPY: Flat, sell at 98.65, stop/reverse at 99.15, for 96.60.
* EURSEK: Sell at 8.3050, stop at 8.3150 for 8.0500.
* EURNOK: Short at 7.4316/29, stop at 7.4860 for 7.2200. Add to shorts at 7.3465/94.
* NOKSEK: Short at 1.1381, add to shorts at 1.1340, stop at 1.1455, target 1.1090.
* AUDNZD: Flat, buy at 1.2890, stop/reverse at 1.2864 for 1.3040.
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