Today’s highlights:
– EURGBP: Bias remains lower within the range, with the focus remaining on key range/neckline support at .8571/6. Below here completes a top for .8442/11.
– EURSEK: Downward trend persists lower, with next support placed at the 78.6% Fibonacci retracement support level of 8.3065.
– EURNOK: Sharp reversal lower from 7.5246 resistance puts immediate risk through 7.4351 to 7.4014. However we expect 7.3760 trendline support to hold firm.
– EURAUD: Support found at 1.2677/5 chart/50% retracement. We look for a break above 1.2895 to complete a near-term base, with recovery risk then higher for 1.3147/92.
Today’s trades/positions:
– EURGBP: Short from .8660, targeting .8450, stop at .8770.
– EURJPY: Short from 122.00, targeting 117.00, stop at 126.10.
– EURSEK: Sell at 8.4180, targeting 8.3150, stop at 8.4650.
– EURNOK: Long from 7.4550, targeting 7.5500, stop extended to 7.4000.
– EURAUD: Long from 1.2730, targeting 1.3100, stop at 1.2670.
– EURNZD: Long from 1.5520, targeting 1.6000, stop at 1.5595.
– EURCAD: Long from 1.3370, targeting 1.3690, with a stop/reverse through 1.3320.
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