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Intraday Outlooks For EUR/USD, EUR/JPY, AUD/USD, USD/CAD - SEB
The following are the intraday outlooks for EUR/USD, EUR/JPY, USD/CAD, and AUD/USD as provided by the technical strategy team at SEB Group. EUR/USD: Waiting for 1.1224 to be taken out. The situation remains the same as yesterday morning with a possible completed minor upside correction completed at 1.1423. A corrective peak can however not be confirmed with less than a break of an hourly b-wave low at 1.1224 (confirmation point for a new trend low). So we stick to the correction case arguing for more losses near term unless moving above 1.1423. EUR/JPY: Sell a spike above 134.37. Contrary to our short term view ... (full story)