Today’s highlights:
EUR/GBP: Failure ahead of .8078 at .8067 sees the market reverse lower again. A break below .8000 support however would see risk back to .7961/60. Through here sees .7923/12.
EUR/JPY: Breakout above 103.44/35 saw a test of the 104.02/06 resistance zone. We expect a brief correction back to 102.00, before an eventual re-test of 104.62/45.
EUR/SEK: Failing at 8.6728 and correcting lower. We expect the market to target but hold above 8.5838 interim chart support, and to then rebound back towards 8.7178.
EUR/NOK: Struggling at the 7.3625/7.3709 resistance zone, however the support low of 7.2870 likely to stay intact. Broader risks still higher for 7.4092 retracement resistance.
NOKSEK: Struggling at the 7.3625/7.3709 resistance zone, however the support low of 7.2870 likely to stay intact. Broader risks still higher for 7.4092 retracement resistance.
Today’s trades/positions:
EUR/GBP: Long from at .8033. Add at .8015. Stop/reverse through .8000, target now at .8078.
EUR/JPY: Buy at 102.25 targeting 105.25, stop at 101.00.
EUR/SEK: Long through 8.6350, for 8.7100, stop at 8.5835.
EUR/NOK: Target met and reversed long at 7.3250, for 7.4000, stop now at. Retry long again at 7.3010, for 7.4000, stop at 7.2800.
NOK/SEK: Buy at 1.1718 targeting 1.1870, stop at 1.1633.
AUD/NZD: Flat, buy at 1.2750 stop at 1.2690, for 1.2880.
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