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Intraday Outlooks For EUR/USD, EUR/JPY, GBP/USD, SP500 - SEB
The following are the intraday outlooks for EUR/USD, EUR/JPY, GBP/USD and S&P500 as provided by the technical strategy team at SEB Group. EUR/USD: Gunning at the 1.3445/77 area. After yesterday’s decline (and close below 1.3586) it is clear that last Thursday’s spring bottom was unable to attract buyers enough to sustain the move to 1.3734/50. The recent development on the contrary speaks of a fresh cycle low and probably so in the 1.3445/1.3477 area. A new upside correction attempt is seen following given the risk of a bull divergence below 1.3503 and the fact that we are relatively stretched (outside the 55d ... (full story)
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