Today’s highlights:
– EURGBP: Resistance found at .8686, importantly ahead of the .8718/9 hurdles. We still expect the market to reverse lower to target .8442 chart support once again.
– EURSEK: Major head and shoulders pattern finally complete. The focus is now firmly on our target support cluster at 8.4164/08. Below would expose 8.3134/8.3065.
– EURAUD: Probing the neckline support level of 1.2923/08. We expect a top through here and for the expected sell-off to target 1.2797 retracement support.
– EURNZD: Aggressive sell-off brings the market back towards key trendline support now located at 1.5680.
Today’s trades/positions:
– EURGBP: Stopped out at .8665. Sell through .8628 targeting .8445, stop at .8691.
– EURJPY: Short from 125.00 targeting 120.10, stop at 127.50.
– EURSEK: Booked profit at 8.5100. Sell again at 8.4925 targeting 8.4175, stop at 8.5380.
– EURNOK: Short from 7.4100 targeting 7.3200, stop now at 7.3900.
– EURAUD: Short from 1.3000 targeting 1.2803, stop at 1.3101.
– EURNZD: Flat. Booked profit at 1.5850.
– EURCAD: Stopped out at 1.3566. Sell at 1.3450 targeting 1.3312, stop at 1.3515.
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