Risk sentiment is still sour to say the least… In this environment the euro is hurt (against JPY, GBP & CHF) and in a stalemate tug-of-war against the dollar… Though scandies and EMs underperform in the “flight back home with what you got abroad”… Bonds keep scoring and stocks look ugly… OMX likely moving into fresh lows (<860)…
EURUSD looks offered within range (as long as holding below 1.4452)… EURGBP is headed for a 0.8644/0.8611/0.8580 probe… AUDUSD is selling off after filling its perfect correctional objective. Key below at 1.0110… EURSEK targets 9.28\30 and later >9.3550. Support at 9.22 & 9.18… EURNOK wave structure is altered and is more bullish now (since the market held from breaking below 7.7535)… EURPLN targets 4.26 (and higher – later)…
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http://www.easyforexnews.net/wp-content/uploads/2011/08/TA1908.pdf
Tech team
Skandinaviska Enskilda Banken AB