Today’s highlights:
– EUR/GBP: .8097 support continues to hold for now. Broadly, whilst above the .8047/34 support zone, the medium-term focus remains higher to .8263.
– EUR/JPY: Resistance found at 112.52. Scope for a correction lower to 109.97, before trend continuation higher towards 116.62.
– EUR/SEK: Still probing key near-term support at 8.6096/.85957. Below here needed for a top for 8.5022.
– EUR/NOK: Probing 7.3513 support, we expect the market to breakdown through here and extend lower to 7.3153 and then 7.2870.
Today’s trades/positions:
– EUR/GBP: Long through .8075, targeting .8250, stop now at .8090. Buy again at .8048 for .8250, stop at .8020.
– EUR/JPY: Buy at 108.15, targeting 114.50, stop at 105.80.
– EUR/SEK: Stopped out and reversed short through 8.6400, add at 8.7150, for 8.5125, stop at 8.7450.
– EUR/NOK: Short from 7.3800, targeting 7.2900, stop at 7.4190.
– NOK/SEK: Short from 1.1845, targeting 1.1575, stop at 1.2063.
– AUD/NZD: Short at 1.2580, for 1.2410, stop at 1.2655.
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