Most markets seems to have entered at least short term congestion ranges, bouncing back from the early Monday highs and lows.
EURUSD the corrective bounce is expected to end within the cloud, preferably holding below 1.4398, EURGBP stalling, again, around 0.8950, EURJPY looks like a sell up towards 115.85/116.15, EURSEK congestion within 9.16/24 ahead of 9.29, EURNOK slowly higher towards 7.83/84, NOKSEK thus sees some profit taking but looking for renewed buying 1.1650/1725 area, BONDS price action yesterday makes cause for following them closer, S&P500 basically erraticly moving sideways, OIL a dead cat bounce before breaking the neckline.
Tech team,
Skandinaviska Enskilda Banken AB