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Intraday Outlooks For DXY, EUR/USD, USD/CAD, Gold, Oil - SEB
The following are the intraday outlooks for the USD Index (DXY), EUR/USD, USD/CAD, Spot Gold, and Crude Oil as provided by the technical strategy team at SEB Group. USD INDEX: An absolute minimum target met. With the move above 95.48 the absolute minimum target for the bull triangle, a new trend high has been achieved. The ideal target is however set at 97.07 so there’s still ample room to advance should the market decide to do so. For today it is also essential that we don’t close below 94.91, creating a bearish key day reversal hence indicating a premature ending to the current ascent. Ideally buyers at the low ... (full story)