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Intraday Outlooks For USD Index, EUR/USD, USD/JPY - SEB

From efxnews.com

The following are the intraday outlooks for USD Index, EUR/USD, and USD/JPY as provided by the technical strategy team at SEB Group. USD index: Likely to test sup at 96.17 before up. Last week ended with the dollar on retreat with increased pressure on dynamic support coming with the still ascending 55day exponentially weighted moving average band (97.15/96.25). lntraday players may shorten a European 'lower Range Extension" (a move below the opening hour range) but then the stop should equal the high in this range to be. Meanwhile a longer bullish play should be held back until better evidence of the correction lower ... (full story)

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