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Intraday Outlooks For EUR/USD, USD/JPY, GBP/USD, AUD/NZD - SEB
The following are the intraday outlooks for EUR/USD, GBP/USD, USD/JPY, and AUD/NZD as provided by the technical strategy team at SEB Group. EUR/USD: Still depressed, but also stretched. Of the two, trend takes precedence over the stretch and as long as there are no undoubted bullish hints, the downside remains in focus. A Dec-Jan 'Equality point' at 1.1851 is the closest attraction/support to keep in mind now when also the 2010 low of 1.1876 has been taken out. Local resistance also over the 8day 'Tenkan-Sen', now at 1.2035 is needed to show some kind of buyers' initiative. USD/JPY: Near-term downside risk. ... (full story)