The following are the intraday outlooks for EUR/USD, EUR/JPY, and AUD/NZD as provided by the technical strategy team at SEB Group.
EUR/USD: Buyers at support target a fresh high. Another leg higher is underway following proof that buyers did not waste the opportunity to get in at support on top of prior highs. So pressure is back on resistance at 1.1290\302 and if broken, sights should be raised to 1.1450\535. Well the current short-term stretch at 1.1360 should be kept in mind on the way.
EUR/JPY: Tests resistance at 135.30-136.70. Euro buyers responded here as they did elsewhere too yesterday. This up keeps short-term bullish momentum for attest of recent 135.30 136.70 peaks, which currently also describe the low & high end of the still negatively sloped 233day exponentially weighted moving average band and the latter also a short-term overstretch. So expect one more high before more pronounced selling hits the market. Support is however likely strong at 132.30/130.75.
AUD/NZD: A decisive break higher. The second attempt to break above the 1.0520/30 resistance became successful to say the least. The break and high close has now made the market taking aim at the next topside hurdle, 1.0970 the 2015 high (so far).
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