The following are the intraday outlooks for EUR/USD, EUR/JPY, and Crude Oil as provided by the technical strategy team at SEB Group

EUR/USD: Buyers' response to intraday dip... The intradailies hint of yet another test into key nearby resistance at 1.2888/2905, but it just doesn't feel right...A move outside nearby near-term refs at 1.2789/1.2845 may give us a hint of where from here. Bullishly above 1.2905 would target 1.2975/95 next while back under 1.2605 is still needed for a renewed short-term bearish approach. Current intraday stretches are located at 1.2730 & 1.2860.

EURUSD

EUR/JPY: Notably large downside 'Shadow'. The deep move lower, breaking a medium-term 'Equality point' at 134.36 was sharply rejected by a strong buyers' response yesterday. A short-term pivot and a short-term descending line of resistance near market may provide some resistance and fore the market to retrace some of its intraday gains from yesterday. But given the sharp rejections a +136.60 in the cards and if so a tentative target at 137.95 could be applied.

EURJPY

Brent Crude: Finally a bullish print added. Finally buyers were able to muster a reasonable response (at medium- & long-term Fibos/earlier reaction lows) to the otherwise ongoing slump. If also managing to violate dynamic resistance, now at 88.00, extension towards 91.00 could be penciled in.

Brent Crude

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