The notable EURCHF U-turn is volume laden and could feed into a +1.10 test… EURUSD is all revved up but has nowhere to go… There is some momentum in the AUDUSD correction, but the pair must not fall back below 1.0110 to hold pace… EURSEK likely trades in a 9.1995\9.3310 range and EURNOK needs to break outside 7.8150\7.9350 to show direction… Swedish 10y yield trading 25bps below Germany is impressive… EURPLN encounters bids in the ~4.15/12-zone… Bund looks set for a correction lower – then with 130.50 as a target… US 10y note is more rangy… The move higher in oil looks correctional only, so keep eyes on near-term key refs below… S&P500 is rangy and outside 1103\1189 must be monitored closely…
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http://www.easyforexnews.net/wp-content/uploads/2011/08/TA1208.pdf
Tech team
Skandinaviska Enskilda Banken AB