Today’s highlights:
– EURGBP: Risk skewed to the downside for a test of the .8442/11 support cluster after breaking .8571/6 neckline support.
– EURJPY: Strong rebound higher from 121.57 support generates a bullish daily ‘doji’ pattern, warning of a recovery effort higher for 127.71 resistance.
– EURSEK: Correction brings market back to broken trendline. We expect a rebound higher from here for another test of 8.4019/8.3949. Above exposes 8.4630.
– EURNZD: Still probing the key near term 1.5595/8 range support after aggressive gap lower. Ideally this continues to hold.
Today’s trades/positions:
– EURGBP: Sell again at .8600 targeting .8435 stop at .8675.
– EURJPY: Buy at 123.20 targeting 127.50, stop at 121.25.
– EURSEK: Long from 8.3450 targeting 8.4550, stop at 8.2960.
– EURNOK: Buy at 7.4900 targeting 7.5950 stop at 7.4250.
– EURAUD: Buy at 1.2415 targeting 1.2600, stop at 1.2350.
– EURNZD: Buy again at 1.5676 targeting 1.6100, stop at 1.5580.
– EURCAD: Long at 1.3190 for 1.3525, stop at 1.3170.
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Credit Suisse