Today’s highlights:
– EURGBP: The 78.6% Fibonacci retracement hurdle of .8765 remains intact. The risk is skewed lower within the range back towards .8571/6.
– EURJPY: Correcting lower after recent breakout. Throwback support at 123.36 ideally holds. Broadly, the focus remains higher for 127.71, whilst above 121.42.
– EURAUD: Prodding below the medium-term upward trendline support level of 1.2650. Some overshoot risk to 1.2586, but whilst above 1.2560/54/30 support cluster, we look for a recovery to 1.2895 initially.
– EURNOK: Advance continues towards interim chart resistance located at 7.4923. Above here then sees a retest of the recent high of 7.5246.
Today’s trades/positions:
– EURGBP: Short from .8660 targeting .8450, stop at .8770.
– EURJPY: Reversed long through 125.40, add now at 124.00, for 127.60, stop now 123.28.
– EURSEK: Long from 8.3373 targeting 8.4600, stop at 8.2800.
– EURNOK: Long from 7.4440, for 7.5500, stop at 7.3900.
– EURAUD: Long from 1.2730, add at 1.2635, targeting 1.3100, stop widened to 1.2525.
– EURNZD: Long from 1.5520 targeting 1.6000, stop widened to 1.5495.
– EURCAD: Reversed short through 1.3320, add at 1.3480, target/reverse at 1.3170, stop at 1.3542.
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