The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/USD, and S&P500, as provided by the technical strategy team at SEB Group. EUR/USD: Again rejected in the 55d ma band. The up and down move on Friday became the third consecutive rejection from the 55d ma band (since the return below it a month ago). The behavior is showing that bearish forces are at play and increasingly so given the return to a negative slope). We are thus looking for additional selling and a 1.0921 break to further enhance downside potential. USD/JPY: Soon a new attempt above 124.48. Given the violation of the B-wave high (and a ... (full story)