Today’s highlights:
– EUR/GBP: Range support at .7964/59 ideally holds to maintain recovery with risks to .8004. Above here would aim at the .8096 high.
– EUR/JPY: We ideally look for basing support at 99.60/21 to hold to see a test of the 101.65/81 where we expect a fresh attempt at a top.
– EUR/SEK: The immediate risks are still seen for a correction lower to test of basing support at 8.3822.
– EUR/NOK: Above 7.4100 would signal a better base for 7.4568.
– NOK/SEK: Below 1.1445 would aim at key support at 1.1399/92. Surrender here is needed for a deeper turn lower to 1.1353.
– AUD/NZD: The risks remain lower to test the 1.2736 61.8% retracement support.
Today’s trades/positions:
– EUR/GBP: Reversed long at .7969, stop below .7925 for .8096.
– EUR/JPY: Covered an existing long at 100.00. Sell at 101.40, stop at 101.90 for 99.60.
– EUR/SEK: Covered a long at 8.5200. Sell at 8.5553, stop at 8.6075 for 8.3150.
– EUR/NOK: Short at 7.4316/29, stop at 7.4860 for 7.2200.
– NOK/SEK: Flat, sell at 1.1567, stop at 1.1597 for 1.1355.
– AUD/NZD: Flat, sell at 1.2920, stop at 1.2945 for 1.2740.
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