Technical Analysis: Technical Alert: Pound & lira weakness is focal

EURUSD trades in no-mans land with several outcomes equally likely (broader picture remains bearish)… EURGBP could continue higher with overhead targets nearby at 0.8900\25 within reach… USDCAD looks inter-range offered… EURSEK could extend the bounce off key short-term support tested yesterday… EURNOK takes a pause before charging towards 7.9550\7.9800… Nikkei 225 attempts a bullish break above a Mar/Jun wedge… USDTRY is about to break the neckline in a bullish inverse head & shoulders formation – then with quite ambitious upside targets… EURPLN is held above support, but resistance at 3.99/4.00 seems to be a no mean task to break… The S&P500 bounce higher looks correctional…

 

Tech team

Skandinaviska Enskilda Banken AB