Today’s highlights:
* EURGBP: Prices remain in tight range near term, but we remain bearish for a test of 7790 ahead of .7755/40.
* EURJPY: The risks remain higher to 98.33/87 next with scope up to 100.72, which we would expect to cap for a turn lower.
* EURSEK: Trend and 21-day MA barriers at 8.3180/3255 have capped and we remain bearish for 8.0480.
* EURNOK: Prices are holding below trend and the 38.2% retracement barrier and we expect this to continue to provide a ceiling and remain bearish for 7.2176.
* NOKSEK: We expect trend and 21-day MA resistance at 1.1315/40, to try and cap to prompt a break below 1.1208/04 for 1.1090/49.
* AUDNZD: The break below 1.2952 has confirmed a small top for 200-day MA and price support at 1.2878/66 where we look for a rebound in the range.
Today’s trades/positions:
* EURGBP: Flat, sell at .7882, stop at .7908 for .7755.
* EURJPY: Covered a long at 98.00. Buy again at 97.50, stop at 96.40 for 100.72.
* EURSEK: Sell at 8.3255, stop at 8.3580 for 8.0500.
* EURNOK: Short at 7.4316/29, stop at 7.4860 for 7.2200. Add to shorts at 7.3465/94.
* NOKSEK: Short at 1.1381, add to shorts at 1.1340, stop at 1.1455, targets 1.1090.
* AUDNZD: Flat, buy at 1.2880, stop/reverse at 1.2864 for 1.3040.
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