The correctional moves higher in EURUSD & EURGBP seem to be cut short. Back under 1.2720 & 0.8239 would strongly argue for fresh lows… EURSEK over 8.83 would correctively target ~8.85\8.87 and EURNOK added a potentially bullish print yesterday and a 7.6760 watch is warranted… Swedish OMX over 1019 would turn attention to the more important 1037 ref… Shanghai Composite is re-checking a prior bearish breaking point and likely face resistance there and S&P500 tested resistance but lacks a session close high enough to convince of immediate upside extension… USDINR draws closer to a correctional low point while EURHUF likely already is passed this point and should contest yesterday’s bearish print already today… EURPLN is also in the starting blocks for a move higher… 10y Bunds and the US Mar tens also look staged to break higher while Brent Crude is still ranging with little immediate directional tilt…
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Good luck
SEB tech team