Euro rally continued Friday without much sign of stretch, still surprisingly small adjustments to the non-commercial short euro position (latest reporting period = Tuesday close last week). EURUSD looks set to move on into the 1.35/36-area before stalling, EURJPY (and USDJPY) starting to look really stretched and in need of a pause, ECB EUR index now at its ideal correction target, EURSEK failed to extend its advance so 8.79/85 range but topside favored as long as not breaking 8.7850, EURNOK tomorrow the last day to respond to the spring bottom,NOKSEK start looking for eventual bids, 1.1735 and below, EURHUF edging higher, EURPLN struggling to move south, watch 4.1495, BUNDS still eying the upper boundary of the bull flag, S&P500 hesitation at the prior peak noted Friday, Oil demand still there and GOLD eyeing the 1803 key resistance.
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SEB tech team