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Intraday Outlooks For EUR/USD, EUR/JPY, GBP/USD, Oil - SEB
The following are the intraday outlooks for EUR/USD, EUR/JPY, GBP/USD, and Crude Oil as provided by the technical strategy team at SEB Group. EUR/USD: Finally fell down to a fresh trend low. The absolute minimum target for the move (initiated by the exit of the Jan/Feb bear triangle) has been achieved given the break below 1.1098. The theoretical target is however located at 1.0840 and just beneath is an equality point (between a 2008-2010 A-B-C decline and the one starting 2011). Intraday minor reactions should be limited to 1.1085 alternatively 1.1115. EUR/JPY: Eyeing next the 132.00 key support. We are now after ... (full story)