Today’s highlights:
– EURGBP: Resistance holds at .8328/46. We see corrective risk lower to breakout/trendline support at .8228/13.
– EUR/JPY: Resistance found at 120.16. We expect corrective weakness lower towards trendline support at 114.28, however, we look for this to hold.
– EUR/SEK: Continued failure at the 200-day average and resistance at 8.6484 signals a top. We expect the next leg to be lower from here back to re-test the key neckline of 8.50022/57.
– EUR/NOK: Struggling to overcome the 7.3880 trendline resistance hurdle. Again, we expect the market to maintain its range and revert lower, back to test 7.2920/7.2795 support.
– EUR/NZD: Struggling at flagged interim chart resistance at 1.6017. Some weakness expected before the next phase higher to 1.6222/09.
Today’s trades/positions:
– EUR/GBP: Buy again at .8238, targeting .8410, stop at .8185.
– EUR/JPY: Buy at 116.05 targeting 119.95, stop at 114.15.
– EUR/SEK: Short from 8.6200 targeting 8.5125, stop at 8.6750.
– EUR/NOK: Booked profit and reversed short through 7.3600, add at 7.3900, for 7.3000, stop at 7.4060.
– EUR/AUD: Buy again at 1.2585, add at 1.2550, targeting 1.2830, stop at 1.2400.
– EUR/NZD: Booked profit at 1.5875. Re-buy at 1.5735 targeting 1.6160, stop at 1.5600.
– EUR/CAD: Buy again at 1.2970 targeting 1.3177, stop at 1.2855.
Click here to read the full report: FX Daily
Credit Suisse