The following are the intraday outlooks for EUR/USD, USD/JPY, GBP/USD and USD/CAD as provided by the technical strategy team at SEB Group. EUR/USD: Returned into the wedge. The move below 1.2321/16 has put further pressure on the pair hence enhancing the possibility of a new trend low below 1.2247. A marginally new low would, like last time, be accompanied by a bullish divergence so we still doubt that a break lower will be sustained. An alternate scenario is that the market holds above 1.2247 creating a double bottom, creating a foundation for a new upside correction attempt. USD/JPY: Triangle under construction. ... (full story)