Today’s highlights:
– EURJPY: Aggressive upside reversal through 121.90 clears the way for a further advance towards 124.53 chart resistance.
– EURSEK: Break above 8.3915 exposes the 8.4542/8.4630 resistance zone, which we expect to cap.
– EURGBP: Push above .8501 signals a minor base, with the risk now higher for .8571/76.
– EURAUD: Prices gain traction off retracement support at 1.2212, with a push above 1.2346 needed for a better tone.
Today’s trades/positions:
– EURGBP: Short from .8480 targeting .8320, stop at .8568.
– EURJPY: Short stopped out at 122.00, where we reversed to a long. Now long from 122.00 targeting 124.50 with a stop at 120.90.
– EURSEK: Short stopped out at 8.4000. Retry a short at 8.4500 targeting 8.3000, with a stop above 8.4650.
– EURNOK: Long from 7.5000 targeting 7.5950, stop at 7.4450.
– EURAUD: Long from 1.2250 targeting 1.2460, stop/reverse at 1.2150.
– EURNZD: Short from 1.5280 targeting 1.5000, with a stop above 1.5378.
– EURCAD: Buy at 1.2970 targeting 1.3100, with a stop below 1.2919.
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