Today’s highlights:
– EURGBP: Advance continues with the focus remaining on .8228 resistance high and then extension risk to our target 38.2% retracement at .8263.
– EUR/JPY: Gaining traction at 113.50, ahead of our retracement target of 111.49/5. The broader focus still remain higher for through 116.02 to 121.94.
– EUR/AUD: Reversal lower from 1.2530 resistance puts the focus back on key trendline/retracement support at 1.2365/1.2406.
– EUR/NZD: Sell off revived after reversal lower from trendline resistance at 1.5717. Risk of a test of 1.5542, however we still expect the recent low of 1.5446 to hold firm.
Today’s trades/positions:
– EUR/GBP: Long at .8120, add at .8070 for .8250, stop at .8020.
– EUR/JPY: Average short at 115.00, targeting 111.65, stop now at 114.75.
– EUR/SEK: Stopped out and reversed long through 8.5630 for 8.6500, stop at 8.5150.
– EUR/NOK: Long from 7.3200 targeting 7.4000, stop at 7.2795.
– EUR/AUD: Long from 1.2417, target now 1.2642, stop now 1.2417. Rebuy at 1.2374 again, for 1.2620, stop at 1.2270.
– EUR/NZD: Long from 1.5612 targeting 1.6015, stop at 1.5445.
– EUR/CAD: Long from 1.2870, targeting 1.3095, stop now at 1.2900. Buy at 1.2822, for 1.3030, stop at 1.2713.
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