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Intraday Outlooks For EUR/USD, USD/JPY, EUR/GBP, AUD/USD - SEB
The following are the intraday outlooks for EUR/USD, USD/JPY, EUR/GBP and AUD/USD as provided by the technical strategy team at SEB Group. EUR/USD: 'Head & shoulders' bottom? A contracting range in line with trend or a 'Head & shoulders' bottom formation? - live to tell... Intraday stretches do not work well during the most recent attacks on the euro, but on the upside it seems reliable still (as was the case yesterday). If this is just another range in the ongoing downtrend, it could last until ECB, but if breaking a 1.1661 'Equality point' it could be an inverse 'Head & shoulders' formation, ideally targeting ... (full story)