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Intraday Outlooks For EUR/USD, AUD/NZD, USD/CAD, NZD/USD
The following are the intraday outlooks for EUR/USD, AUD/NZD, USD/CAD, and NZD/USD as provided by the technical strategy team at SEB Group. EUR/USD: Targeting 1.31221/04 next. There ain't no rest for the wicked and there ain't no rest for the euro...A short term 261.8% Fibo projection ref is currently tested but little says that the move will stop there (apart from a decent stretch to its 'SREV' - a SEB measure based on key drivers for the pair). The stretch as defined by the deviation from the 21day exponential moving average comes in at 1.3120, equaling a 423.6% Fibo projection and a Sep'13 reaction low at 1.3104, ... (full story)