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Intraday Outlooks For USD Index, EUR/USD, EUR/JPY, SP500 - SEB
The following are the intraday outlooks for USD Index, EUR/USD, EUR/JPY, and SP500 as provided by the technical strategy team at SEB Group. USD INDEX: A growing bear divergence. Our view of a potential top (wave 5) in place at the Nov 14 (key day reversal day) was on Friday proven wrong as the market rose above 88.27 printing a fresh trend high. Short term there will probably be some further gains made but in the bigger picture we are still leaning toward the idea that we are in the very latter stages of this bull phase. The growing bear divergence also continues to support this view. EUR/USD: Back to the ... (full story)