The following are the intraday outlooks for EUR/USD, EUR/JPY, GBP/USD, and NZD/USD as provided by the technical strategy team at SEB Group.
EUR/USD: Mildly offered within range. Greek negotiations or rather the absence of such keeps traders guessing about the outcome. The fast break up from discussions yesterday anyway had an inter-range negative impact, but from a technical perspective, levels at 1.1270/62 or at 1.1499 have to give way to show a directional conviction. German ZEW is today's main distraction and while waiting for it to have impact, the current intraday stretches located at 1.1280 & 1.1450 should be respected.
EUR/JPY: A correctional high possibly in place. The extended 'Double Zigzag' correction higher may have run its course. The (Fibo-adjusted, 21day) Tenkan-Sen currently provides dynamic support not far below but if it gets bearishly broken the short-term key 132.55/00-area would become exposed again - below which a correctional high (136.70) can be fully confirmed and thus argues for a fresh low (<130.16). For today, players should be aware of the intraday stretches, currently located at 133.65 & 135.70.
GBP/USD: Bearish candle point near-term lower. The fresh high scored yesterday did not last very long. The low and bearish looking session close produced a GBP-hostile candle, pointing back towards support at 1.5320/00 (below which 1.5245 & 1.5195) would come into play. Current intraday stretches are located at 1.5260 & 1.5490. UK CPI is a main distraction for the pair today.
NZD/USD: Heading into resistance. If the move up from the early Feb low point is an ordinary correction then it should soon run into trouble. We are now on the verge of meeting the September trend line (that we broke below during January) and not too far above we also have the equality point between wave a and c (at 0.7588), the best fitted correction target. So somewhere between 0.7535 and 0.7588 the risk of returning buyers must be regarded relatively high.
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