EZ worries worsened yesteday with EURUSD breaking its major support, 1.4073, EURJPY 113.50 and EURCHF 1.1808, all three are expected to trace out fresh lows near term before a relief bounce expected (continuing lower thereafter, Milan stocks confirmed a strong sell signal whereaws €stoxx50 hovers a few points above its “kiss and goodbye” confirmation point.
EURSEK took out 9.1520 (thereby aborting the call for a 9.06/07 dip) so 9.29 now a minimum target, EURNOK reluctantly higher so still like long NOK/SEK, BONDS continues to fall in yield terms, Gold rising to new highs against most ccy’s and Oil remarkedly quiet.
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http://www.easyforexnews.net/wp-content/uploads/2011/07/TA1207.pdf
Tech team
Skandinaviska Enskilda Banken AB