Still much of a euro waiting game but some very interesting signals given yesterday.
EURSEK, EURNOK, USDNOK, AUDUSD, USDCAD, NZD/USD, USD index (and more) all posted key day reversals yesterday arguing for the congestion/correction to accordingly having ended.
EURUSD still glued in its range, AUD several sell signals yday, EURSEK broke up from its falling wedge => ideal target 9.1450, EURPLN back on track for new trend highs, US 10y note heading for new price highs whereas Bunds still in the doldrums, Oil took a big leap towards a test of its neckline (CRB index falling and even Gold did so), Equties retreating (but still no sell signals).
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/12/TA0912.pdf
Tech team
Skandinaviska Enskilda Banken AB