Today’s highlights:
– EURGBP: Struggling again towards the upper end of the current trading range. We continue to expect the market to remain capped by .8686, with risk towards .8442.
– EURJPY: Struggling to follow through after the recent defence of 122.90 trendline support. However only a break below 122.90 support, signals a top, with risk towards 117.05.
– EURSEK: Counter trend rebound unfolding back towards throwback resistance at 8.5084. Here we expect renewed selling interest once again, and still target 8.4164/08.
– EURNOK: Advance gradually continues higher with the spotlight on 7.4361 trendline resistance initially but eventually 7.4771.
Today’s trades/positions:
– EURGBP: Short through .8628 targeting .8445, stop at .8691.
– EURJPY: Buy at 124.00 targeting 127.00, stop/reverse through 122.80.
– EURSEK: Sell again at 8.4925 targeting 8.4175, stop at 8.5380
– EURNOK: Long from 7.3940, add at 7.3600, targeting 7.4700, stop at 7.3400.
– EURAUD: Target met and reversed long at 1.2940, add at 1.2815, target now 1.3180, stop at 1.2780.
– EURNZD: Long from 1.5800 targeting 1.6200, stop at 1.5620.
– EURCAD: Short from 1.3450 target/reverse now 1.3400, stop/reverse now 1.3450 (for 1.3700).
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Credit Suisse