The following are the intraday outlooks for EUR/USD, USD/JPY, and EUR/CHF as provided by the technical strategy team at SEB Group.
EUR/USD: Testing nearby dynamic resistance. Buyers keep testing dynamic resistance at the low end of the short-term "Cloud" (at market). An "Upper Range Extension" (topside violation of the European opening hour range) would set some pressure on more resistance at 1.1075/85 (near-term "Equality point".
USD/JPY: Short-term "Round-top" forming. Price action is tilted to the downside and first-hand dynamic support has been eroded. A counter-trend move lower has become increasingly likely – more so if breaking a near-term "Equality point" at 123.28 and after this not breaking back over 124.19. If this unfolds as thought, the next attraction/support below to scout is located at 122.72/45.
EUR/CHF: An ongoing inter-range climb – Price action was bullish throughout the week last week, but little to take note of until now when a short-term "Equality point" has been violated and the early Jun high is under pressure. If not stopping here 1.0610 & 1.0650 are attraction/resistance levels to scout. In a medium-term perspective the next key level must be the Mid-Feb reaction high of 1.0811.
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