Today’s highlights:
– EURGBP: Reversal lower from .8328 continues with risk to pivot support at .8228 and potentially then .8213 trend line support.
– EUR/JPY: Sell-off continues for trendline support cluster located at 115.61/114.62. Only a break below here signals continued downside to 113.55/112.58.
– EUR/SEK: Upward trend continues higher for 8.6842/8.6750 resistance zone, after breakout through the 200-day average at 8.6479. Only above the former exposes 8.7327.
– EUR/NOK: Challenging the 200-day average at 7.4308. The risk is for a continuation through here to 7.4560 neckline resistance and potentially then 7.5002/47.
– EUR/AUD: Correction lower continues for 1.2530/44 throwback support. We maintain our bullish stance whilst above here for through 1.2729/15 to 1.2808/34.
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: Stopped out at 7.4060. Buy at 7.3900, targeting 7.4950, stop at 7.3500.
– EUR/AUD: Long from 1.2585, add at 1.2550, target 1.2830, stop 1.2400.
– EUR/NZD: Rebuy at 1.5735 targeting 1.6160, stop at 1.560.
– EUR/CAD: Buy again at 1.2970 targeting 1.3177, stop at 1.2855.
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