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Intraday Outlooks For DXY, EUR/USD, USD/JPY, SP500 - SEB
The following are the intraday outlooks for USD Index (DXY), EUR/USD, USD/JPY, and SP500 as provided by the technical strategy team at SEB Group. USD INDEX: Ready to take the final step higher. The break of the b-wave high has attracted more buying and the index is now only a whisker away from breaking above the wave three high point, 86.75. As earlier we are focusing on two possible targets, either the 161.8% extension point at 87.11 or the upper boundary of the rising channel, which runs closer to 88.20. EUR/USD: Rechecked the neckline. The pair yesterday initially fell down to 1.2545 before rebounding back up to ... (full story)