Today’s highlights:
* EUR/GBP: We look for renewed selling to emerge at .7930/64 and for the downtrend to resume from here.
* EUR/JPY: Prices continue to coil sideways, but while 97.73/72 minimally holds recovery risk remain to 100.00/01 ahead of 100.72, where we would expect renewed selling.
* EUR/SEK: Selling has been found on approach to the 8.3822 chart barrier and we look for it to cap for a test of the 8.1736 low.
* EUR/NOK: No change leaves price still locked sideways. However, we expect 7.3960/4100 to cap to keep our medium-term bias still bearish for a test and break of 7.2504.
* NOKSEK: The ranging theme is seen as a consolidation of the year’s sell-off and we expect the 1.1406/15 barrier to cap to keep our
medium-term bias still lower.
* AUDNZD: The spotlight turns to 1.2804/00. Below would see a more extended bear phase in the range for 1.2736 next.
Today’s trades/positions:
* EUR/GBP: Flat, sell again at .7930, stop/reverse at .7969 for .7815.
* EUR/JPY: Long, stop below 97.70 for 100.00.
* EUR/SEK: Flat, sell at 8.3570, stop/reverse at 8.3850 for 8.1740.
* EUR/NOK: Short at 7.4316/29, stop at 7.4860 for 7.2200.
* NOK/SEK: Short at 1.1381, stop at 1.1455, target 1.1090.
* AUD/NZD: Reversed short, cover at 1.2804, stop at 1.2885.
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Credit Suisse