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Intraday Outlooks For EUR/USD, USD/JPY, EUR/CHF, Gold- SEB
The following are the intraday outlooks for EUR/USD, USD/JPY, EUR/CHF, and Spot Gold as provided by the technical strategy team at SEB Group. EUR/USD: Another 1.13+test underway. Even though most factors speaks in favor of a bear flag being under construction since Sept 22 the short term charts speaks of more near term upside risk. The move above 1.1273 triggers an hourly buy signal calling for a test of the flag’s upper boundary, 1.1340-ish (and then turning for a downside test). To avoid the above scenario prices must fall back below 1.1211. USD/JPY: At the apex point. Given that prices just went out of the ... (full story)