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Intraday Outlooks For EUR/USD, Gold, Oil - SEB

From efxnews.com

The following are the intraday outlooks for EUR/USD, Spot Gold, and Brent Crude as provided by the technical strategy team at SEB Group. EUR/USD: Soon resuming the descent. A very slow rise since Tuesday’s low argues for a minor bear flag to be under construction and as such selling should be resumed any hour now. A break below 1.0719 confirms that the next step lower is well underway targeting the 1.06-area (from where we should bounce to 1.08/09 in order to follow a triangle path). GOLD: A head & shoulders bottom? Very interesting price action yesterday with the yellow metal rising impulsively from the 2013 low ... (full story)

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