EURUSD remains on a near-term, and so far, correctional slide lower. Further losses should be penciled in as long as staying below 1.3048… GBPUSD looks toppish still, so do not underestimate the powers of a sub-1.6163 break… USDJPY below 77.95 exposes the Sep low of 77.13 again… EURSEK outside 8.43\8.55 is needed to get a fresh sense of direction… USDSEK above 6.6000 would hold a 6.65\6.67 test likely… EURNOK inside 7.4150-7.4720 lends no strong directional indications (though a larger perspective is tilted to the downside)… NOKSEK should extend through 1.1460 and later 1.1570, while targeting a fresh +1.16 high… AUDJPY trades just above key support at 80.95/71 – below would add weight on ongoing yen buying… EURPLN is currently in a near-term consolidation ahead of next step higher – to and beyond 4.18… Ger Dec 10y Bund & US Dec tens are both grinding higher, watch 140.98 & 132-26 in those… Nov Brent Crude was rejected from short-term resistance and the recent $107.10 low is exposed again…
Click here to read the full report: Technical Alert
SEB tech team