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Intraday Outlooks For EUR/USD, USD/JPY, SP500, Oil - SEB
The following are the intraday outlooks for EUR/USD, USD/JPY, SP500, and oil as provided by the technical strategy team at SEB Group. EUR/USD: Focus on 1.0869 next. With 1.0925 broken focus now turns to 1.0869 - under which a fresh low (1.0808) must be expected. The 55day exponentially weighted moving average band (1.1000\1.1125) keeps providing overhead dynamic (descending) resistance. Current intraday stretches are located at 1.0860 & 1.1025. USD/JPY: Poor performance over 124.48. The attempt above 124.48 quickly turned into a lemon. The long upper "Shadow" in the wake of a strong sellers' response points ... (full story)