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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: Wedge calls for more meandering. The falling wedge, a common terminating pattern, calls for more ups and downs in order to be completed. The best suited pattern is a rise to the upper boundary, 1.0677, followed by a new (and this time a bit more lasting) low in the low 1.05’s (possible a swift dip into the 1.04’s) before a more profound correction (to ideally 1.0830) will begin. GBP/USD: Bear triangle ready to go. The past days has formed a bear triangle, a downside ... (full story)