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Intraday Outlooks For EUR/USD, USD/JPY, NZD/USD, SP500 - SEB
The following are the intraday outlooks for EUR/USD, USD/JPY, NZD/USD, and S&P500 as provided by the technical strategy team at SEB Group. EUR/USD: Sellers at the 233day "band". The rally was finally tempered on the north side of the 233day exponentially weighted moving average band (1.1490\1.1615, based on session lows, closes & highs). The wave structure may either be a "Double Zigzag" or a straight "A-B-C" with a more developed 3rd leg higher. Either or, it is incomplete as it stands right now, so short-term pundits will look for the near-term correction lower to fade and develop into a buy (likely around ... (full story)