Big intra range swings….EURUSD bearish key day reversal Tuesday followed by a long lower spike yesterday questioning the reversal candle, GOLD took a real beating yesterday and more to come if breaking 1704 (is the yellow metal trying to tell us something about the dollar?), S&P500 reversing initial losses to printing almost a bullish key day reversal and EURSEK (& SEK X:s) falling back to the mid body support. EURUSD a move outside the 1.2926/1.3010 range needed for a directional move, USDJPY continues to attract bids below 82 (stops likely 81.60 and downward), EURJPY passing 106.97 and new highs to be seen, GOLD 1704 key supp & barrier for 1630/40, EURSEK looking for bids below 8.60/61 (same midbody supp seen for the rest of the sek x:s) EURNOK erratic moves, USDTRY falling wedge = ending pattern = soon higher, BONDS continues to be in strong demand, EQUITIES still have more room to edge higher, OIL down and up and now?
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SEB tech team