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Intraday Outlooks For EUR/USD, GBP/USD, USD/CAD - SEB

From efxnews.com

The following are the intraday outlooks for EUR/USD, GBP/USD, and USD/CAD as provided by the technical strategy team at SEB Group. EUR/USD: Some loss of momentum noted...with RSIs diverging to the move lower in the pair. It could just be a fling or the prelude to a short & shallow correction higher, possibly to recheck the descending 8day 'Tenkan Sen" line, now at 1.0705 before selling resumes again. Firmly below trendline support at 1.0575/65 would instead leave 1.05/04 exposed again. GBP/USD: Look for a 1.5027 low. A three-wave advance likely peaked at the low end of the "Cloud" since its "B-wave low" was ... (full story)

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