Technical Alert

EURUSD added some gains yesterday, but there is more resistance to conquer at 1.3484\93 & at 1.3597 to turn the picture convincingly bullish. Below 1.3364/57 would be renewed bearish… The USDindex shows mixed signals near-term – watch 80.11 & 80.31 above as well as 79.53/45 below for clues… AUDUSD is back testing resistance at 1.0345-1.0362. Below 1.0300 would become renewed bearish… USDJPY selloffs attract volume now and the low-92s come back in focus… EURSEK awaits Rix in a ~8.53-8.63 range… USDSEK may drop a little further, but beyond any Riksbank razzamatazz a better shaped dollar could have positive impact on the cross… EURNOK attracts responding buyers in a wider 7.3780/7.3535 support zone… USDDKK is re-testing near-term support at 5.5350/290. Below 5.4845 would be bearish, while over 5.5860 ought to pressure an even more important 5.6285 ref… EURHUF is rechecking support, but ought to run into buying no later than 287.158/286.25… EURPLN turned north again yesterday, upping the chance of an upside break. Watch 4.1985 next… US & German bonds turned lower yesterday, likely revisiting supports in the lower 131s and at 142.16… S&P500 is still expanding its climb, albeit at a vulnerably slow pace… EuroStoxx50 is closer to its ideal selling point at 2,657…

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