Today’s highlights:
– EUR/GBP: Consolidating ahead of the .8157 chart resistance hurdle. We remain bullish going into this week, with risk through .8157 to .8263.
– EUR/JPY: Still probing the trendline resistance hurdle of 104.22. We remain bullish whilst above 101.79, and expect a breakout above 104.22 for 105.43.
– EUR/SEK: Holding trendline support at 8.5476. We look for a rebound higher back up to re-test 8.6952 resistance, and above sees a test of the 200-day average at 8.7173.
– EUR/NOK: Threatening trendline resistance at 7.4000/7.4092. A breakout above here completes a base, and allows for a rebound
higher to 7.4445 initially, then 7.4647.
– NOK/SEK: Approaching the key 1.1599 support as the decline lower form 1.1754 gathers momentum. We continue to target below here to 1.1544/1.1498.
Today’s trades/positions:
– EUR/GBP: Long from .8030, targeting .8250, stop now at .8090.
– EUR/JPY: Buy at 103.51 targeting 105.35, stop at 102.60.
– EUR/SEK: Target met at 8.5500. Buy through 8.6000 targeting 8.6900, stop at 8.5470.
– EUR/NOK: Short through 7.3850, for 7.3500, stop/reverse 7.4000 (for 7.4600).
– NOK/SEK: Short from 1.1720 target now at 1.1545, stop at 1.1755.
– AUD/NZD: Short from 1.2660, targeting 1.2505, stop at 1.2701.
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