Today’s highlights:
– EURGBP: Pausing at .8165 resistance, but broader bias remains higher for .8228 and then .8263 whilst above the .8075/85 support zone.
– EUR/JPY: Rebound from 113.55 support brings the market back up to 116.02 resistance. Above here targets 117.77, ahead of our longerterm target of 121.94.
– EUR/SEK: Base completion through 8.5610 allows the market to continue its rebound higher for 8.6384/8.6525.
– EUR/AUD: Probing the long-term 38.2% Fibonacci retracement support level of 1.2365. We remain bullish from these levels while 1.2273 support remains intact, for 1.2729.
Today’s trades/positions:
– EUR/GBP: Long at .8120, add at .8090 for .8250, stop at .8055.
– EUR/JPY: Booked profit at 114.75. Buy at 115.00, targeting 117.45, stop at 113.50.
– EUR/SEK: 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: Scratched long, and re-bought 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: Booked small profit at 1.2900. Buy at 1.2880, for 1.3030, stop at 1.2713.
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