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

EUR/USD: Testing supports at 1.2363/29. Lower again after Draghi, but for the session ahead we don’t think it’s a bottomless pit, with stretched conditions already at the opening and with Fibo, trendline & range-breakout supports & targets nearby at 1.2363/1.2329. But should these refs be lost on a low session/weekly close and/or on a NFP dollar rally, the low-1.22s must be considered as a new target. Mid-body resistance is located at 1.2430/48 and the current intraday stretches are located at 1.2350 & 1.2475.


EUR/JPY: That’s no way to break resistance. The move above a medium-term important 143.79 ref did not render any bullish follow-through. On the contrary it attracted notable selling. The print as a result is bearish and it comes in at level where a stretch could be defined through a 21day +/- 1std dev regression-channel. Below yesterday’s low of 142.20 would call for extension towards at least 141.58 possibly more. Current intraday stretches are located at 141.80 & 143.60.


EUR/GBP: Resistance stubbornly defended. Another +0.7864 attempts we greeted by heavy selling again yesterday and this refunds a bullish looking session close. On the contrary, the low session close instead threatens support at 0.7800, which if given up would call for extension towards 0.7766/47 (with the 2012 low of 0.7756 being the key ref to watch).


Oil: Over 83.27 would target above 84.45/60. The market was sold lower from key near-term resistance at 84.45/60, by the slide looks nano-term correctional in relation to the near-term impulse higher preceding it. So if staying above 82.05 and instead taking back +83.27, and extension beyond 84.45/60 should be expected – then with stretches are located at 81.40 & 83.


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