Despite multiple crosses having arrived at their respective target points the € remains relentlessly bid. JPY continues to be sold (and Nikkei bought). Spanish stocks has taken a clear turn for the worse this week. EURUSD still looking for turnaround signs (or will we test 1.3792 first?), CABLE look for the current correction to end in the 1.59’s, EURJPY next up to 127? Caution falling back below 122.98/123.33, EURSEK seen initially higher, 8.67/68, and then falling back, USDSEK still holding its wedge floor, EURNOK bullish triangle break imminent => 7.51/53, USDNOK slide running late also on a grander scale, IBEX increasing sell pressure, a likely bearish key week reversal in the making, USDKRW took off in a new round of strength, BUNDS small bodies shows hesitation (hourly inverse head/shoulders pattern to be monitored) NOTES drifting lower ahead of NFP, S&P500 vulnerable at target, OIL continues to trigger buy signals.
Click here to read the full report: Technical Alert
SEB tech team