EURUSD correction continues to dominate the scene but should be running late if maintaining downside potential. NZDUSD trying it above its multiyear top line – caution if closing below, USDJPY broke a short term trend line indicating lower levels near term also underpinned by falling US bond yields, EURSEK drifting lower => 8.86 whereas firm support 7.7450/7.7620 in EURNOK should prevent the pair from falling further, we think. EURPLN to pause after recent rally, S&P500 still moving away from the support and Oil higher in its broader range.
Tech Team,
Skandinaviska Enskilda Banken AB