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Intraday Outlooks For EUR/USD, USD/JPY, Gold, Oil - SEB
The following are the intraday outlooks for EUR/USD, USD/JPY, Spot Gold, and Brent Crude as provided by the technical strategy team at SEB Group. EUR/USD: Another triangle in the making? The pair ended last week on a slightly better footing (above 1.0796) almost printing a bullish engulfing weekly candle. Downside pressure is hence seen easing but there’s still several possible wave counts from here and the two ones fitting best at the moment are either a bear triangle (up to 1.0966 and then turning lower) or a bear flag (probably up into the low 1.12’s before turning lower). So look for an initial move higher ... (full story)
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