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Intraday Outlooks For EUR/USD, GBP/USD, USD/CAD, SP500 - SEB
The following are the intraday outlooks for EUR/USD, GBP/USD, USD/CAD, and S&P500 as provided by the technical strategy team at SEB Group. EUR/USD: Rechecked the former channel floor. From a strict technical view (ignoring €CB) it looks like we yesterday ended a minor upside reaction and ended it with a rejection from just inside the June bear channel, hence validating the recent exit from it. So if following the textbook the pair should now trade lower (confirmed below 1.1540) tracing out a new trend low. GBP/USD: Forming a bear triangle. Since the beginning of January the pair has paused at/around the 2010 ... (full story)