Today’s highlights:
– EURGBP: Breakout above .8686 exposes the high of .8718 once again. The market would need to breakout above here to expose .8800/33 resistance zone.
– EURJPY: Topping trendline resistance continues to cap, keeping chart resistance at 126.19 intact. The focus is lower for a test of trendline support at 123.87. Below here target 122.90, then 120.72.
– EURNZD: Aggressive rally higher results in a break through .5921 and paves the way for the expected recovery back towards 1.6363 resistance eventually.
– EURCAD: Removal of resistance at 1.3573 allows for risk higher towards the recent high of 1.3710. Above here then targets 1.3899 long term resistance.
Today’s trades/positions:
– EURGBP: Stopped out at .8691. Sell through .8601 targeting .8450, stop at .8675.
– EURJPY: Sell at 125.00 targeting 121.05, stop 127.00.
– 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: 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: Scratched short and reversed long through 1.3450 for 1.3700, stop now at 1.3415.
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Credit Suisse