Price action at the top in EURUSD looks hesitant. Under 1.3144 & 1.3127/21 could trip some protective sell-stops… Bearish print and stretched conditions in USDJPY ought to take its toll. Below 83.61 would target at least ~82.90/80… BoE’s JPY index is also sitting at a very interesting level from where a turn higher could materialize (perfect target IF the 2012 downturn is correctional in a broader long-term uptrend)… EURGBP added a bearish “UpThrust” yesterday and this points lower towards 0.8110/0.8080. The key level below is however placed at 0.8035 and it has to be violated for a broader bearish view… Watch EURSEK 8.72 & 8.80 ahead of and after the Riksbank announcement (underlying picture looks bullishly constructive on a result within expectations)… EUR/NOK faces strong resistance at 7.41, but must lose 7.3150 for any bigger bearish implications… USDZAR has reached its next possible support level, but back over 8.6380 is needed to ease the short-term downside risk… BIG move higher in EURHUF yesterday and it points higher still while targeting 289.50 next (followed by +295 later)… 10y GER Bunds & US T-notes both trades lower but may draw support from levels not far below at 144.03 & 131-23… S&P500 trades higher into resistance in the 1445\57 zone… Brent is doing little while inside 106.38 & 109.58…
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SEB tech team