Today’s highlights:
– EURGBP: Reverting lower within the current range and break below .8676 interim support now paves the way for eventual re-test of .8589/76/71 range lows.
– EURSEK: Erratic and choppy, however yesterday bullish outside day off support at 8.2540 and break above 8.3391/8.3451 completes a base for 8.4019, then 8.4630.
– EURNOK: Challenging resistance at 7.4657 once again. We expect a break through the former to secure a base and target the recent high of 7.5246.
– EURAUD: Decline through 1.2560/54/30 exposes the 200-day average at 1.2422. Only a recovery through trendline resistance at 1.2713 signals a base for 1.3019.
Today’s trades/positions:
– EURGBP: Sell again at .8725 targeting .8595, stop at .8798.
– EURJPY: Long through 125.40, add now at 123.85, for 127.60, stop now 123.50.
– EURSEK: Buy at 8.3450 targeting 8.4550, stop at 8.2960.
– EURNOK: Long from 7.4440, for 7.5500, stop at 7.3900.
– EURAUD: Flat. Stopped out at 1.2525.
– EURNZD: Long from 1.5520 targeting 1.6000, stop now 1.5660.
– EURCAD: Short through 1.3320, target/reverse at 1.3190, stop/reverse now 1.3425.
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