Today’s highlights:
– EURNOK: Dramatic breakout above key resistance levels clears the way for 7.5738 and then 7.6510.
– EURSEK: Prices complete a bullish base, with the focus now on 8.4019. A break above here is expected in due course to target 8.4630.
– EURNZD: Break above 1.5880 completes a bullish base for 1.6136.
– EURCAD: Prod below 1.3279 exposes 1.3180 trendline support, which we look to hold.
Today’s trades/positions:
– EURGBP: Buy at .8595 targeting .8790, stop at .8570.
– EURJPY: Long through 125.40, add at 123.85 with a stop at 123.50. Take profit at 127.60.
– EURSEK: Long from 8.3450 targeting 8.4550, stop at 8.2960.
– EURNOK: Target met at 7.5500, now flat. Buy again at 7.5250, stop at 7.5000 for 7.6500.
– EURAUD: Sell at 1.2660, stop at 1.2700 for 1.2400.
– 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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