Today’s highlights:
- EURJPY: Aggressive break above 127.71 confirms a bullish “triangle” continuation pattern for 132.04 next.
- EURCAD: Dramatic bullish reversal through the trendline at 1.3300 exposes 1.3346, with a break above here allowing the next leg higher for 1.3628 in due course.
- EURAUD: Aggressive advance above 1.2495 confirms a base, clearing the way for 1.2655 next.
- EURNZD: Upside reversal through 1.5430 warns of a further advance towards 1.5630/57.
Today’s trades/positions:
- EURGBP: Short from .8480 targeting .8320, stop at .8568.
- EURJPY: Buy at 128.50 targeting 132.00, with a stop at 127.50.
- EURSEK: Sell at 8.4200 targeting 8.2900, with a stop above 8.4650.
- EURNOK: Entered long at 7.4440 targeting 7.5000, with a stop below 7.4280.
- EURAUD: Target met at 1.2460, now flat. Buy at 1.2500 targeting 1.2750, with a stop at 1.2400.
- EURNZD: Short stopped out at 1.5500. Now flat, buy at 1.5400 targeting 1.5620, with a stop at 1.5300.
- EURCAD: Entered long at 1.3180 and took profit at 1.3300. Now flat, buy again at 1.3180 retargeting 1.3300, with a stop back below 1.3150.
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