EURUSD could extend losses towards 1.2970, but this draws no headlines – which USDJPY does better, while breaking the recent 79.04 high (on BoJ “QE”). Next target at 79.66 now in sight… EURGBP could also slide further, but there is key support at 0.7975/63 which would be unwise to overlook… EURSEK went bearishly south yesterday and distanced key resistance at 8.65. 8.51 could also see action while sellers draw confidence from resistance at 8.5870… EURNOK also added a bearish print yesterday, staging the pair for a 7.4450 test… AUDCAD shorts look just about right. Key support at 1.0070 must however be violated for a sub-par target to garner credibility… EURPLN extended gains higher and as long as holding above 4.0825 additional gains should be penciled in – in line with a broader bullish outlook… Bunds could further build on gains over the past two sessions – now with focus on 140.98… US 10y yield still holds a potential 2.00% correctional objective…
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SEB tech team