Today’s highlights:
– EUR/GBP: Market remains capped by .8607, ahead of the key .8626/67 chart resistance zone. We expect a test of trendline support at .8528, and below here targets .8364.
– EUR/JPY: Follow through above 123.35 now exposes 127.91 chart resistance, with more critical resistance at 129.50.
– EUR/AUD: Extension higher continues towards the 61.8% Fibonacci retracement hurdle of 1.3296.
– EUR/SEK: Failure at 8.6542 keeps the focus lower for a break through 8.5709 and 8.5539 to challenge the key 8.5057/22 support zone.
Today’s trades/positions:
– EUR/GBP: Short from .8575, targeting .8400, stop now at .8667.
– EUR/JPY: Stopped out at 124.00. Sell through 123.00, targeting 117.00, stop at 126.00.
– EUR/SEK: Short from 8.6650, target 8.5100, stop now 8.6650.
– EUR/NOK: Short through 7.4200, targeting 7.3650, stop at 7.4550. If stopped out , sell again at 7.4690 for 7.3550, stop at 7.5075.
– EUR/AUD: Flat. Stopped out at 1.3076.
– EUR/NZD: Short through 1.6170, targeting 1.6000, stop at 1.6275.
– EUR/CAD: Buy at 1.3505 for 1.3710, stop/reverse through 1.3497 (for 1.3285).
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