USD and JPY recovering further with more signs of strength in the pipe.
EURUSD Friday’s rejected attempt higher indicates that we soon will see an attack at the low end of the 233d ma band, a level that EURJPY managed to end below on Friday (hence remaining a preferred selling canditate) also CABLE with its false upside break should be vulnerable to more selling, EURSEK bouncing nicely off the support zone but probably rangebound for today and that probably goes for EURNOK as well, spikes at both sides = indecisive, NOKSEK on the other hand preformed well and is expected to run into bids just beneath current levels, EURAUD buyers running out of steam?, USDINR looking for an upside u-turn, potential for Bond moves look low for today, S&P500 and OIL as well.
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SEB tech team