Today’s highlights:
– EUR/GBP: Consolidating after recent neckline break and push above the 200-day average at .8074. We see risk higher to long-term resistance at .8166. Above here signals a larger base, with risk up to
.8221/63.
– EUR/JPY: 107.16 resistance continues to cap the market for now. We still envisage a correction back to 105.39 and then 104.10/103.04 which we then expect to hold.
– EUR/SEK: Rebounding higher from support found at 8.5600. The removal of 8.6062 now sees risk to 8.6360 where we expect renewed selling interest. Target remains 8.4164.
– EUR/NOK: Market remains capped by 7.3547 interim chart resistance, keeping the focus lower for 7.2870, and then 7.2592/04.
Today’s trades/positions:
– EUR/GBP: Long from at .8033. target .8125, stop now .8072. Buy again at .8032 targeting .8158, stop at .8002.
– EUR/JPY: Buy 50% at 105.32, add 50% at 104.12, targeting 107.74, stop at 103.02.
– EUR/SEK: Short at 8.6350, target now 8.4400, stop now 8.6360.
– EUR/NOK: Sell again at 7.3500, targeting 7.2650, stop at 7.3870.
– NOK/SEK: Short through 1.1715, stop/reverse through 1.1760, targeting/reverse now at 1.1715 (for 1.1872).
– AUD/NZD: Sell at 1.2700, added at 1.2730, targeting 1.2635, stop/reverse now through 1.2754 (for 1.2870).
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