Next set of data rules it seems… Today the calendar is barren from key stuff, so perhaps room for a breather in which EURCHF & USDJPY may bounce some (but longs in those are only for those thinking catching falling knives are fun)… EURCHF could re-test the mid-1.13s before down, while USDJPY 78.05 must be kept in the corner of the eye… EURUSD below yesterday’s low of 1.4185 would also pressure a 1.4150 ref (key on south at 1.4014)… EURSEK could make a sub-9.00 attempt. Key on south at 8.86… Sharp EURNOK fall yesterday holds resistance at 7.6815\7.6915 and a possible extension target at 7.6250… A NOKSEK ref at 1.1805 should be kept in mind and also a USDNOK ref at 5.3190… USDTRY has likely passed its correctional low. Above 1.7000 would build upside momentum… Bunds soar and so does US tens. Both can see additional gains… The Jun S&P500 lows at 1255/53 are at stake and yesterday’s upside attempt in Sep Brent Crude can become a lemon. Watch any break below $114…
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/08/TA0208.pdf
Tech team
Skandinaviska Enskilda Banken AB