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Long-Term Tech Outlook: DXY, EUR/USD, USD/JPY, USD/CAD - SEB

From efxnews.com

The following are the long-term technical outlooks for USD Index (DXY), EUR/USD, USD/JPY, and USD/CAD as provided by the technical strategy team at SEB Group. USD Index (DXY): The up-trend remain paused with the market still digesting the break above the 1985 Plaza accord topline. With consistently higher lows during the past months we see upward pressure again raising a prelude to exiting the consolidation range and continuing the underlying bull trend. The next objective exiting the range will be 103.75, the 161.8% Fibo projection point of the 2008/2009 advance. EUR/USD: Like the ECB EUR index €/$ remain in a ... (full story)

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