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Intraday Outlooks For EUR/USD, USD/JPY, AUD/USD, USD/CAD - SEB
The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/USD, and USD/CAD as provided by the technical strategy team at SEB Group. EUR/USD: Clear-cut bearish weekly print! A solidly bearish print last week strongly suggests that a Mar-May correction higher has peaked. The 1.1062 overlap is another strong bearish lead as would a session close below 1.0972 (since it would mean that there is an overlap even on session closes). The "Cloud" may offer some temporary support, but resistance around 1.1065 ought to cap a rally. Targets below for the week ahead are located at 1.0882 and at 10692/60. USD/JPY: Targeting ... (full story)