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

EUR/USD: Checking local resistance near 1.08. The move up from yesterday's low (1.0713) looks like correctional business and it is thought to end somewhere from here to 1.0830. Back under 1.0730 would be the harbinger for fresh weekly lows and retained focus on the 1.0613 attraction/support below. Current intraday stretches are located at 1.0655 & 1.0870.

EURUSD

USD/JPY: Below 118.93 would be renewed bearish. The downside rechecks became too deep to sustain the near-term bullish impression from gains scored the day before yesterday and this leaves the market in limo, waiting for a move outside 118.93-120.37. Below the former would strongly suggest extension to/below supports at 188.33/11.

USDJPY

USD/CAD: A strong sellers' response noted. Just as the market seemingly removed a hurdle at 1.2757, sellers returned and pinned a rather nasty candle to the dailies through a low and near-term bearish looking session close. There are some minor support pockets at 1.2635 & 1.2595, but none of them seems strong enough to guarantee the pair won't test more important support at 1.2545 before buyers come back. Current intraday stretches are located at 1.2575 & 1.2765.

USDCAD

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