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Intraday Outlooks For EUR/USD, EUR/GBP, USD/JPY - SEB
The following are the intraday outlooks for EUR/USD, EUR/GBP, and USD/JPY as provided by the technical strategy team at SEB Group. EUR/USD: Still ripe for a correction higher. A Jul1-24 bearish wave sequence may be completed (seen best with hourly observations). This together with yesterday's candle argues for a correction higher with a first-hand target at 1.3491/513. Over 1.3550 would create a deeper and a more lasting correction, but more is needed to put detention on the lower to next bigger objective closer to the 1.33-mark on the back burner. Current intraday stretches are located at 1.3420 & 1.3515. ... (full story)