Today’s highlights:
– EUR/GBP: Rebounding higher from .8000 support. We expect renewed selling interest to weigh on the market at .8100 resistance,
with risk skewed lower to .7986 initially.
– EUR/JPY: Topping structure secured with break below 102.83. We still see risk lower to trendline support now at 101.77, where we expect renewed buying interest.
– EUR/SEK: Threatening to break its medium-term upward trendline. We see risk skewed lower through trendline support located at 8.6080 to 8.4959 retracement support initially.
– EUR/NOK: Reversal lower yesterday from resistance at 7.4847 results in a break below 7.4445, allowing for continued downside to 7.3842 medium-term trendline support.
– NOK/SEK: Sell-off continues lower for 1.1544 38.2% retracement support. Below here would allow for risk to trendline support now
located at 1.1527.
Today’s trades/positions:
– EUR/GBP: Sell at .8055 targeting .7945, stop at .8110.
– EUR/JPY: Short through 103.00, target now 101.03, stop at 103.80.
– EUR/SEK: Reversed short through 8.6300, add at 8.6700, for 8.5500, stop at 8.7180.
– EUR/NOK: Sell at 7.4610 targeting 7.3850, stop at 7.4950.
– NOK/SEK: Short from 1.1720 target now at 1.1545, stop now at 1.1695.
– AUD/NZD: Short from 1.2660, targeting 1.2505, stop at 1.2701.
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