Today’s highlights:
– EURGBP: Market remains capped by .8686 resistance and we continue to expect a decline back to range support at .8442. Below here targets .8364/50.
– EURJPY: Threatening to break trendline support located at 122.87. Below here allows for the expected correction lower through 120.72 towards key support at 117.05/116.47.
– EURAUD: Top completion through 1.2908 prior support keeps the focus lower for a test of the 38.2% Fibonacci retracement level of 1.2797. Below exposes 1.2586.
– EURNOK: Dramatic reversal higher from support found at 7.3461 turns the bias higher within the broader range. We expect strength back up to 7.4567, then 7.4771.
Today’s trades/positions:
– EURGBP: Short through .8628 targeting .8445, stop at .8691.
– EURJPY: Short from 125.00 target now 120.80, stop now 125.00.
– EURSEK: Sell again at 8.4925 targeting 8.4175, stop at 8.5380.
– EURNOK: Booked profit at 7.3900. Buy at 7.3940, add at 7.3600, targeting 7.4700, stop at 7.3400.
– EURAUD: Short from 1.3000 target 1.2803, stop now at 1.3000.
– EURNZD: Buy at 1.5540 targeting 1.5740, stop at 1.5490.
– EURCAD: Sell at 1.3450 targeting 1.3312 stop/reverse 1.3582 (for 1.3705).
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