Technical Analysis

Not much to report except our bullish NOK/SEK call been proven wrong with the 1.1715 break. Other than that corrections/congestions still ongoing but seen as being in the latter stages. EURUSD approaching the primary target 1.2531/44, EURJPY still seeking a sell in the 99.75/88 area, EURSEK fell out of its 8.82/86 range suggesting a 8.76/77 visit, EURNOK continues to build upside confidence making NOKSEK a big loser, short term bullish view hence abandoned, CRB should turn down here, USDJPY looking increasingly bearish, EURHUF facing important junction not much below current levels, BONDS going nowhere, EQUITIES = ending corrections and same is true for OIL.

Click here to read the full report: Technical Alert

 

SEB tech team