Today’s highlights:
– EURGBP: Correction lower from .8719 retracement resistance continues, with the focus remaining through .8553/.8517 support, to .8364.
– EUR/JPY: Prices remain capped at 127.94/129.50, and we expect a correction lower for 124.02 initially.
– EUR/SEK: We look for 8.6195 resistance to hold for a reversal lower to 8.5309, and then the key neckline support zone at 8.5057/22.
– EURNOK: Choppy action continues below 7.4567 immediate resistance, with support at 7.3868. We envisage a break below the latter level to expose 7.3550.
Today’s trades/positions:
– EUR/GBP: Short from .8655, targeting .8410, stop at .8720.
– EUR/JPY: Sell through 124.00, targeting 117.00, stop at 126.99.
– EUR/SEK: Short from 8.6650, target 8.5100, stop now 8.6650.
– EUR/NOK: Short from 7.4100, targeting 7.3200, stop at 7.4650.
– EUR/AUD: Buy at 1.3230, targeting 1.3700, stop at 1.3150.
– EUR/NZD: Short through 1.6170, targeting 1.5850, stop at 1.6275.
– EUR/CAD: Sell at 1.3525, targeting 1.3310, stop at 1.3635
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