Today’s highlights:
– EURGBP: Failure at key .8766-.8800 resistance zone points to a decline through .8601/.8571 to challenge .8442/.8390 chart/retracement support zone.
– EURJPY: Continuation through 122.90 suggests a test of the 120.72 pivot support level. Through here however is required in order to target the 117.05/116.47 support.
– EURSEK: Removal of 8.4814 resistance sees risk higher to 8.5084 throwback resistance. Above here is needed to reinforce basing efforts for back to 8.5747.
– EURNOK: Aggressive breakout through 7.5002/47 resistance signals a major base and paves the way higher for 7.5738.
Today’s trades/positions:
– EURGBP: Short at .8700 targeting .8575, stop at .8762.
– EURJPY: Short from 125.00 targeting 121.05, stop now 126.10.
– EURSEK: Long from 8.4250 targeting extended to 8.5450, stop at 8.3900.
– EURNOK: Target met at 7.4700. Buy again at 7.4550 targeting 7.5500, stop at 7.3900.
– EURAUD: Long at 1.2940, added at 1.2815, target now 1.3180, stop at 1.2780.
– EURNZD: Scratched long at 1.5800. Buy again at 1.5815 targeting 1.6300 stop at 1.5620.
– EURCAD: Long at 1.3450 for 1.3700, stop now at 1.3450. Buy again at 1.3370 targeting 1.3690, stop/reverse through 1.3320.
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Credit Suisse