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Intraday Market Outlook for Day Traders
EUR/USD
For today`s further trading hours, we expect the uptrend in the pair to remain intact, but not in this European morning`s market rapid step, with the market currently near a new day`s high at 1.2293. We reckon first with down corrections to levels around 1.2240 and then with a price objective up to above 1.2320.

GBP/USD
The pound acted somewhat more weakly so far against the dollar in the European morning hours, currently trading at 1.5030, hovering above support. We think that support will hold, giving way to recovery moves up to 1.5125.

USD/CHF
A narrow sideways trend of the dollar against the Swiss franc established its borders (1.0825/1.0800) further in early European trading. Currently priced at 1.0805, we expect the market to show just a slight selling tone today, to levels around 1.0780.

USD/JPY
The dollar is in a mild uptrend against the yen in very low volatility in the European morning, currently quoted at 88.60. We see the uptrend continuing today, reaching levels near 89.00.