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Intraday Outlooks For EUR/USD, USD/JPY, AUD/USD, Gold - SEB
The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/USD, and Spot Gold as provided by the technical strategy team at SEB Group. EUR/USD: Seeking one more low below 1.2834. With the break below 1.2908 the past week’s minor correction was history and the pair accordingly fell down to a fresh trend low. This time we are however also starting to see a bullish divergence occurring (something that earlier has been a missing piece) indicating that we’ll soon see yet another attempt to kick off an upside correction. The hourly chart wave pattern indicates that we should be seeking at least one more low ... (full story)