The following are the intraday outlooks for EUR/USD, USD/JPY, and AUD/USD as provided by the technical strategy team at SEB Group.
EUR/USD: Eyes back on last week's low. Sellers at favored near-term correctional target keep downside focus intact. The big event risk is obviously Greece and its sour negotiations with creditors but as long as this known unknown remains to be resolved, there is a downside tilt - at least for another 1.08-push - below which a more important 1.0660 ref would come into play. For today, current intraday stretches are somewhat distant while located at 1.0855 & 1.1070.
USD/JPY: At least one more high before it's over. The trend is paused but likely not over just yet. A push through the recent high for a +125 attempt looks possible, but this would just further increase the risk of a larger setback thereafter to test weekly & daily bullish benchmark candle mid-body points at 122.85 & 122.35. A session close below the average 5day low, now at 123.05 would be another negative to keep an eye on if/when it happens.
AUD/USD: Small pause, then lower again. Short-term trend-identifiers point south still and price action has been relentlessly bearish over the past weeks, enough to produce a really nasty monthly candle also pointing further south in a more long-term perspective. The non-performing session Fri and quiet start this week is most likely part of the ongoing push lower and once this near-term "Triangle" breaks, the 0.7553/34 zone should be targeted. Current intraday stretches are located at 0.7595 & 0.7710.
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