EURUSD hovers just below the 1.35-mark, but after breaking the 2012 high (1.3487) a “triangle objective” at 1.3545 applies – though watch out for presumed stops below 1.3380… A small crack in the armor opened in the USD index yesterday while dropping below near-term support at 79.70. The next test comes at the yearly 79.35 & 79.28 lows. Over 80.20 is needed to get a bullish case back on its feet…EURJPY comes closer to a key long-term 123.35 ref… AUDUSD is in another attempt higher. Key refs are located at 1.0485 & 1.0600… Copper (3mt LME) tests resistance at $8,257… EURHUF extends recent losses. Support is located at 291.90 & 288.00… EURPLN displays hesitation just below a key 4.2180 ref – could fall back. 4.1515 is near-term key below… EURSEK looks set to extend the move lower to test 8.5645/8.5515. Resistance is located at 8.6125 and at 8.6505… USDSEK could fall further, but some buying ought to emerge in the ~6.35/32-area. Resistance likely stronger at 6.4330…The Swedish TCW index violated 117.30 and this has opened up for extension towards the summer’s low of 115.25… EURNOK failed above again yesterday and needs to break outside 7.3785-7.4575 for better directional clues…US & German bonds should keep resting recent losses. Next important ref for the Mar 10y Bund is located at 140.95 and in the US Mar long bond (30y) it is found at 141-08… EuroStoxx50 keeps grinding higher but should meet strong resistance no later than 2,833… The Mar Brent Crude contract added to recent gains yesterday and seems headed for $115.70 now…
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SEB tech team