So with the correction phase out of the way most markets are now back on track of their respectively underlying trends.
EURUSD at fresh lows and more to come near term, however not likely much lower than 1.3115/3200 in this phase, EUR index ended last week below a yearlong flag, AUD at an important key junction, 0.96, EURSEK three failures below 9.20 in four days makes us still see more topside risk, EURNOK just a whisker away from a break higher, USD/SEK/NOK both steaming on, next to 7.0730 and 6.0000 respectively, EURJPY 101.95 up for grabs, EURHUF zooming higher and if the bids remain in EURPLN soon also taking off, BOND prices looks set to rise to at least the prior peaks, S&P500 downside test (and break), Oil breaking lower and Gold looks small bid.
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/10/TA0310.pdf
Tech team
Skandinaviska Enskilda Banken AB
