Euro strength on hold overnight but looks likely to continue for at least another day or two. Oil, stocks and bonds all rose (but for how much longer?).
EURUSD next correction targets, 1.3435 and/or the 1.36-area, AUDUSD has created what looks like a bull flag raising probablity of a new trend high in the 1.10-area, EURSEK’s violation of 8.8510 will help pushing the pair higher and the same is also true for EURNOK after yesterday’s spring bottom, the result will also be a temporary setback in NOKSEK, GBPJPY worth monitoring closer, a final step higher and then a downside turn lies in the cards, BUNDS approaching the ceiling line of the bull flag and a break is coming closer, EQUTIES looks set an a firm footing, OIL remains bids and so does PRECIOUS METALS with GOLD now only a whisker away from its key resistance, 1803.
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SEB tech team