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Intraday Outlooks For EUR/USD, EUR/JPY, NZD/USD, Oil - SEB
The following are the intraday outlooks for EUR/USD, EUR/JPY, NZD/USD, and Crude Oil as provided by the technical strategy team at SEB Group. EUR/USD: Something’s got to give way. The ever narrowing range is now coming close to the apex point so something’s soon got to give way. As earlier elaborated the best fitted pattern, the bearish contracting range/triangle, calls for a downside break. One step closer to a bearish solution was perhaps taken yesterday with the pair being rejected from the former floor (now acting resistance) of the June falling parallel bear channel. More bearish pieces of evidence to be ... (full story)
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