Basically continued congestion seen overnight with many pairs in what we see as the latter stages of this minor correction.
EURUSD the ideal pattern calls for a corrective top now to be in place, hence downside pressure to increase, EUR index continued to print fresh lows yesterday pointing to the underlying weakness of the common ccy, Commodities continued to weaken with CRB lower and Oil holding on to its neckline/Ichimoku break, EURSEK looks rather range bound, 9.06/12, EURNOK remains bid so NOKSEK under pressure and entering its key support area, watch closely, CEE3 having lost upside steam and might (especially EUR/PLN) experience a deeper backdrop, Bonds seems to be heading for a sideways day, S&P500 as well and Gold found support at the 233d ma low.
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Tech team
Skandinaviska Enskilda Banken AB