The common currency ended last week on a clearly bullish footing and will probably begin the current week in the same manner. There are however some important resistances on the horizon. GOLD also leaped higher ending last week with on its highest point since mid Oct. EURUSD 2011 top line at ~1.30 in focus today, ECB EUR index 98.30 a watershed for more strength or not, USDJPY buyers struggling, EURSEK remaining in its congestino range, USDSEK collappsed last week, support line at 6.5750 to cushion? NOKSEK exited its rising wedge so more losses penicilled in near term, EURNOK still liked higher, 7.41?, EURHUF’s U turn Friday points at 285, EURPLN 4.1000 support to hold? BONDS in backwater but buyers aren’t far away, S&P500 impressive come back and OIL’s triangle break points up for the day.
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SEB tech team