Today’s highlights:
– EURGBP: Bearish reversal signals that .8718/9 is set to continue to cap. We still target .8364 interim chart support. Below sees the 38.2% retracement at .8337.
– EUR/JPY: Reversal lower from resistance at 127.94/129.50 turns the outlook bearish for the short term. The immediate focus is now on 121.22 chart/trend support.
– EUR/SEK: Bearish ‘doji’ reversal lower from 8.6399 keeps the bias skewed to the downside for an eventual break through 8.5309 to challenge 8.5057/22 neckline support.
– EURAUD: Failure at 7.3162, implies a first lower high. The focus remains lower for through 1.2908 to the 38.2% retracement level of 1.2797.
Today’s trades/positions:
– EUR/GBP: Short from .8655 targeting .8410, stop now .8655.
– EUR/JPY: Sell at 125.00 targeting 120.10, stop at 127.50.
– EUR/SEK: Short from 8.6650 target 8.5100, stop now at 8.6500
– EUR/NOK: Short from 7.4100 targeting 7.3200, stop at 7.4650.
– EUR/AUD: Stopped out at 1.3150. Sell at 1.3000 targeting 1.2803, stop at 1.3101.
– EUR/NZD: Short through 1.6170 targeting 1.5850, stop at 1.6275.
– EUR/CAD: Short from 1.3525 targeting 1.3310, stop now at 1.3400.
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