-
Intraday Outlooks For EUR/USD, EUR/GBP, USD/CAD - SEB
The following are the intraday outlooks for EUR/USD, EUR/GBP, and USD/CAD as provided by the technical strategy team at SEB Group. EUR/USD: Seeking a 1.1250 sell. Often after falling benchmark candles such as Tuesday’s the market begins a correctional phase that returns prices back to the mid body point of the falling candle within two to three days. In this case it means that we should be looking for a return to the mid 1.12’s before resuming the descent. The strategy should therefore be to seek a selling opportunity around 1.1250 (and to keep a short term bearish wave count in place we don’t want to see the ... (full story)