Today’s highlights:
– EURGBP: Aggressive rally continues higher, with the market now probing the .8507 hurdle. Above here sees the 61.8% retracement hurdle of .8577.
– EUR/JPY: Sharp rebound higher from support at 117.05 continues, with the market now targeting the 121.94/123.35 key long term retracement/chart resistance zone.
– EUR/AUD: Prodding above the key cluster of resistance at 1.2808/34. We need to see a sustained breakout above here for further upside to 1.3032 and then 1.3166.
– EUR/NZD: Probing the range high of 1.6040. A sustained break above here is needed to target 1.6209/22.
Today’s trades/positions:
– EUR/GBP: Stopped out at .8480. Sell through .8460 targeting .8370, stop at .8507.
– EUR/JPY: Flat. Sell at 121.85 targeting 117.20, stop at 123.45.
– EUR/SEK: Short from 8.6650 target 8.5100, stop at 8.7200
– EUR/NOK: Flat. Target met at 7.4000. Sell at 7.4100, targeting 7.3560, stop/reverse through 7.4335.
– EUR/AUD: Flat. Target met at 1.2795. Sell through 1.2765 targeting 1.2415, stop at 1.2840.
– EUR/NZD: Stopped out and reversed long from 1.5940. Target now 1.6200, stop/reverse now at 1.5940.
– EUR/CAD: Sell at 1.3480 targeting 1.3275, stop at 1.3540.
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