Today’s highlights:
– EURSEK: Break below 8.4108/4019 resolves the range lower, clearing the way for a decline to 8.3134.
– EURNOK: Push above 7.5002/47 resistance warns of a further advance to 7.5312 and then 7.5653.
– EURCAD: Steady advance continues, with the spotlight remaining on 1.3628.
– EURJPY: A break below the 55-day average at 119.20 remains needed for further weakness towards 117.05/116.47.
Today’s trades/positions:
– EURGBP: Short from .8660, targeting .8450, stop at .8725.
– EURJPY: Sell at 122.00, targeting 117.00, stop at 126.10.
– EURSEK: Long stopped out at 8.4250. Sell at 8.4000, targeting 8.3150, stop at 8.4200.
– EURNOK: Long from 7.4550, targeting 7.5500, stop moved to 7.4350.
– EURAUD: Buy at 1.2730, targeting 1.3000, stop at 1.2670.
– EURNZD: Long from 1.5520, targeting 1.6000, stop at 1.5595.
– EURCAD: Long from 1.3370, targeting 1.3690, with a stop/reverse through 1.3320.
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