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Intraday Outlooks For EUR/USD, EUR/JPY, GBP/USD, Gold - SEB
The following are the intraday outlooks for EUR/USD, EUR/JPY, GBP/USD, and Spot Gold as provided by the technical strategy team at SEB Group. EUR/USD: Building downside pressure. With the Aug 28 – Sep 01 advance occurring in a clear three wave pattern (hourly graph) there’s basically only one way the market can go and that is lower. However having met (and slightly overshot) an hourly 161.8% Fibo projection support (1.1222) there might be a small bounce before continuing lower. EUR/JPY: Soon a new 133.10 test. The inability to hold on to gains above the 55/233d ma bands (and being rejected lower from 55w band) is ... (full story)