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Intraday Outlooks For USD Index, EUR/USD, EUR/JPY, SP500 - SEB
The following are the intraday outlooks for USD Index, EUR/USD, EUR/JPY, and SP500 as provided by the technical strategy team at SEB Group. DOLLAR INDEX: At the next key hurdle. The index has now arrived at the last obstacle, the falling top line from the 1985 Plaza accord top before confirming the long term bull trend. Short term we see some further advance this morning but at least a minor setback should then be seen ahead of the weekend. EUR/USD: Exited the bear flag. So Mr. Market did actually follow the textbook and pushed prices sharply lower, printing a fresh 12 year low. As often after benchmark candles such ... (full story)