Today’s highlights:
– EURGBP: Emphatic reversal lower off the resistance zone at .8779/.8800 warns of a further decline for .8442.
– EURJPY: Bearish reversal day exposes 117.05/116.47 support, with a break below here allowing a challenge of 114.87.
– EURAUD: Decisive break below 1.2797 turns the focus lower on the 1.2586/60/54 support zone, which we look to hold.
– EURNZD: Prod below 1.5642 exposes 1.5506/00, which we expect to hold for a rebound higher back towards 1.6026.
Today’s trades/positions:
– EURGBP: Short stopped out at .8810. Resell at .8660 targeting .8450, stop at .8725.
– EURJPY: Target met at 121.05. Resell at 122.00 targeting 117.00, stop at 126.10.
– EURSEK: Long from 8.4250, target moved to 8.5000, stop now at 8.4250.
– EURNOK: Long from 7.4550 targeting 7.5500, stop at 7.3900.
– EURAUD: Sell at 1.2780 targeting 1.2590, stop above 1.2800.
– EURNZD: Long stopped out at 1.5620. Retry a long at 1.5520 targeting 1.6000, with a stop at 1.5440.
– EURCAD: Long from 1.3450 for 1.3700, stop now at 1.3450. Added another long at 1.3370, with a stop/reverse through 1.3320.
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