Today’s highlights:
– EUR/GBP: Support found at .8022 signals the correction was shortlived, and we expect an advance through .8103/15 to target .8157 initially.
– EUR/JPY: Bullish outside reversal day is generated after support is found at 100.16, ahead of the key range/trend support zone of
99.52/64.
– EUR/SEK: Bullish flag pattern and break through 8.6459 resistance pave the way for further upside to 8.7901 as expected.
– EUR/NOK: Holding 7.3632/7.3522 support zone. We look for a rebound higher from here back through 7.4036 to target 7.4445 range resistance.
– NOK/SEK: Prodding above 1.1737 61.8% retracement resistance. However, a sustained breakout above here is required for a
continuation to 1.1809, then 1.1879.
Today’s trades/positions:
– EUR/GBP: Long from .8030, targeting .8250, stop at .7922.
– EUR/JPY: Long at 101.80, added at 100.30, stop now at 100.10 for 103.60.
– EUR/SEK: Long from 8.6400, add at 8.6200, targeting 8.7250, stop at 8.5910.
– EUR/NOK: Long again at 7.3660, targeting 7.4600, stop at 7.3400.
– NOK/SEK: Short from 1.1720, targeting 1.1520, stop at 1.1755.
– AUD/NZD: Reversed long through 1.2525, add at 1.2465, targeting 1.2640, stop at 1.2420.
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