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

From efxnews.com

The following are the intraday outlooks for EUR/USD, AUD/USD, and Brent Crude as provided by the technical strategy team at SEB Group. EUR/USD: Still struggling with the trend line. Only small moves seen yesterday as the market continued to meander around the April trend-line/low end of the 55d ma band. The key question thus remains unanswered; will the support be broken or not? Our guesstimate is that it will but unless breaking below 1.0955 we can’t confirm it. AUD/USD: Broke below the neckline. The next down-phase has now likely begun given the break below the neckline. The only missing piece of information is a ... (full story)

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