Today’s highlights:
– EURGBP: Aggressive rally brings the market back up to .8228 resistance. We expect an extension above here to challenge .8263 38.2% Fibonacci retracement.
– EUR/JPY: Sharp move higher through 116.02/62 resistance zone reinforces our bullish stance and allows the market to target 121.94 retracement resistance.
– EUR/AUD: Expected base completion and subsequent rebound now complete. We remain bullish targeting 1.2729 interim resistance.
– EUR/NZD: Sharp reversal higher sees the market breakout through 1.5642 and 1.5770 allowing for risk higher to 1.6017 chart resistance.
– EUR/CAD: Sharp rally higher sees the market complete a base through 1.2965. This allows for a rebound back to 1.3187/95.
Today’s trades/positions:
– EUR/GBP: Long at .8120, for .8250, stop now at .8143.
– EUR/JPY: Buy at 116.05 targeting 119.95, stop at 114.15.
– EUR/SEK: Long through 8.5630 target now 8.6400, stop now at 8.5485.
– EUR/NOK: Long from 7.3200 targeting 7.4000, stop at 7.2795.
– EUR/AUD: Long at 1.2374 again, target extended to 1.2690, stop now at 1.2374.
– EUR/NZD: Long from 1.5612 targeting 1.6015, stop at 1.5445.
– EUR/CAD: Target met at 1.3030. Buy again at 1.2970 targeting 1.3177, stop at 1.2855.
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