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Intraday Outlooks For EUR/USD, GBP/USD, USD/JPY, AUD/USD - SEB
The following are the intraday outlooks for EUR/USD, GBP/USD, USD/JPY, and AUD/USD as provided by the technical strategy team at SEB Group. EUR/USD: A bearish key day reversal candle. With a lower high in place the triangle congestion scenario still remains the most preferred outcome. Ideally the pair should have stalled at 1.0930 (78.6% of the preceding move) but as can be seen the market has had great difficulties holding above that level. With yesterday’s bearish key day reversal the next leg within the triangle is most likely underway and if our assumption is right we should see the 1.06-area being scrutinized ... (full story)