Today’s highlights:
– EURGBP: Focus remains to the downside for a test of the .8442/11 support cluster after breaking .8571/6 neckline support.
– EURNOK: Rebounding higher as support at 7.4804/7.4657 holds for now. We see the risk skewed higher and envisage a retest of 7.5683/7.5738.
– EURAUD: Prodding below the 200-day average and now challenging the 50% retracement support level of 1.2899. Through here is required to see further downside to 1.2357.
– EURNZD: Brief break below 1.5595/8 sees a fresh lower low, while also exposing the 61.8% retracement of 1.5500.
Today’s trades/positions:
– EURGBP: Sell again at .8600 targeting .8435 stop at .8675.
– EURJPY: Long from 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: Long from 1.2415 target now 1.2580, stop at 1.2350.
– EURNZD: Stopped out at 1.5580.Sell at 1.5775 targeting 1.5510, stop at 1.5900.
– EURCAD: Long at 1.3190 for 1.3525, stop at 1.3170.
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