The following are the intraday outlooks for EUR/USD, EUR/JPY, and AUD/USD as provided by the technical strategy team at SEB Group.
EUR/USD: Keep looking for a correctional high. The move up from 1.1105 looks short-term correctional, but it may not be over just yet so keep looking for clues that it is topping out. There’s a good chunk of resistance refs in the 1.1274\1.1353-area and those should ideally cap the move. Downside refs. below which sellers’ initiative would start to show again, are placed at 1.1146 & 1.1116.
EUR/JPY: Quiet now, but not if breaking 133.95. In an Aug-Sep perspective it looks like a bearish ”Triangle” unfolding. In the near-term perspective buyers keep responding around the 134-mark and ideally they should also show near-term initiative for a 136.30\65 test before steering south again. But if 133.95 goes a premature “Triangle” breakout under 133.55/18 could materialize, so stay in the starting blocks for a sell.
AUD/USD: Buyers’ response points small up. Buyers keep responding well around 0.6950. leaving only potentially supportive “shadows” below. A move through local resistance at 0.7045\47 would argue for a recheck of a short-term 0.7066\0.7148 Fibo grid before steering south again. Current intraday stretches are located at 0.6945 & 0.7055.
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