Major events are the EURUSD violation of 1.3140 and the post Japanese election gaps higher in USDJPY, EURJPY, NIKKEI etc (as being seen as continuation gaps those gaps should soon be closed…). EURUSD a bit poor follow through breaking 1.3140 but its nevertheless a break, EURJPY gapped higher but stayed, so far, below 111.43, BOE GBP INDEX looks set for a break lower, EURSEK having reached the hourly triangle target 8.79ish calls for an increasing likelihood of a downside setback (and so does the topside spikes in NOKSEK argue), EURNOK finally catching up with the stronger euros, extend target to 7.45/46, EURPLN bearish key day reversal day on Friday points to more selling, BUNDS printed a doji candle at support, correction ending?, US notes insufficient buyer’s response keeps downside open, S&P500 looking heavey, OIL whipsawed.
Click here to read the full report: Technical Alert
SEB tech team