Technical Analysis: Better risk on a US debt deal near at hand

Stocks have gap-opened higher, but there is more ground to cover (resistance to break) to guard last week’s lows… EURUSD must break outside 1.4220\1.4450 to show fresh direction… GBPUSD holds a medium-term important 1.6550 ref on the radar… EURCHF must hold above 1.1350 to maintain momentum in the bounce higher…. EURSEK could test 9.02/00 – below would set focus on 8.86… EURNOK under 7.73 would expose 7.7150 – under which long-term 7.68 lows would deserve attention… NZDUSD looks stretched but is still bid (for a +0.89 test)… Bunds goes higher with wider SPA & ITA spreads…

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http://www.easyforexnews.net/wp-content/uploads/2011/08/TA0108.pdf

 

Tech team
Skandinaviska Enskilda Banken AB