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Intraday Outlooks For USD Index, EUR/USD, EUR/JPY, EUR/CAD - SEB
The following are the intraday outlooks for the USD Index, EUR/USD, EUR/JPY, and EUR/CAD as provided by the technical strategy team at SEB Group. USD INDEX: Filled the weekend gap. The weekend gap (82.33-58) was yesterday filled and the buyers were returning at the low end of it hence preventing a sell signal to be triggered. The behavior leaves us in kind of a stalemate where the overbought and stretched conditions continues to warn of a coming setback whereas the price action at 82.33 suggests continued buying up to the theoretical wave three target, 83.16 (and then beginning the more profound correction). EUR/USD: ... (full story)