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Intraday Outlooks For EUR/USD, USD/CNH, USD/JPY, Oil - SEB
The following are the intraday outlooks for EUR/USD, USD/CNH, USD/JPY, and Oil as provided by the technical strategy team at SEB Group. EUR/USD: Another 55d ma band rejection? The pair moved a tad higher (1.1042) than expected before turning around and falling back lower. A close at current levels (or lower) will create yet another 55d ma band rejection indicating that the sellers still are in control. A sustained break below 1.0926 will sharply up a bearish outlook calling for a swift continuation down to the recent low area. USD/CNH: The beginning of a new trend? Today’s extremely impulsive move higher has ... (full story)
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