Today’s highlights:
– EURJPY: Prices remain under pressure, with the spotlight on the 117.05/116.47 January lows.
– EURNZD: Rebound back above 1.5854 clears the way for a further recovery towards 1.6026.
– EURNOK: Rebound higher turns the focus back on 7.5002/47, with a break above expected in due course.
– EURGBP: We look for a break below .8571 to clear the way for a further decline towards .8442.
Today’s trades/positions:
– EURGBP: Short from .8660 targeting .8450, stop at .8725.
– EURJPY: Sell at 122.00 targeting 117.00, stop at 126.10.
– EURSEK: Long from 8.4250 targeting 8.5000, stop at 8.4250.
– EURNOK: Long from 7.4550 targeting 7.5500, stop at 7.3900.
– EURAUD: Short stopped out at 1.2801. Buy at 1.2750 targeting 1.3000, stop at 1.2670.
– EURNZD: Long from 1.5520 targeting 1.6000 with a stop at 1.5440.
– EURCAD: Long from 1.3370 targeting 1.3690, with a stop/reverse through 1.3320.
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