Today’s highlights:
– EURGBP: Strong breakout through .8346 78.6% retracement resistance paves the way for further upside to .8420 and potentially then .8507.
– EUR/JPY: Decisive breakout through 120.16 sees the upward trend continue higher for the long term 61.8% Fibonacci retracement of 121.94.
– EUR/SEK: Market has broken convincingly above 8.6842/8.6750 resistance. This breakout now targets 8.7327/8.7419.
– EUR/NOK: Market extends through 7.4560 neckline resistance. The focus remains on the key 7.5002/47 chart/retracement resistance zone.
– EUR/AUD: Breakout through 1.2715/29 resistance zone now paves the way for the expected advance 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: Stopped out at 8.6750
– EUR/NOK: Buy at 7.4065, targeting 7.4950, stop at 7.3885.
– EUR/AUD: Long from 1.2585, targeting now 1.2798, stop now scratch at 1.2665.
– EUR/NZD: Buy at 1.5922 targeting 1.6199, stop 1.5780.
– EUR/CAD: Long from 1.3140 targeting 1.3315, stop at 1.3055.
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