EURUSD trades in a contracting range, seen as a bearish continuation pattern. Once broken the mid-1.32s should be targeted. Key ref above remains located at 1.3520… USDJPY may still be in the process of forming a top. 92.22/17 is the key level to watch below… GBPUSD remains in a grind lower despite short-term stretched conditions. Next key ref below is found at 1.5393… EURSEK is likely lifted towards presumed resistance at prior 8.5000\60. Below 8.4385 would deny such a move and turn focus back towards 8.4255 & 8.4160… USDSEK above 6.3560 should start paving the way for extension towards 6.4475\6.4560… EURNOK remains on track to test Jan-Feb highs at 7.4680\7.4770. Below 7.3415 would alter a short-term bullish wave count, but there should be support at 7.3820 preventing this from happening… NOKSEK is consolidating losses, possibly for a +1.15 recheck before down. Next hard key ref on south is located at 1.1370… USDCAD broke key short-term resistance yesterday and seems headed for 1.0153 if not also 1.0219\48… A USDZAR key “B-wave high” at 8.9910 is fully in sight now… EURPLN upside pressure is mounting; 4.2140\80 remains a key ref to watch… Ger Mar Bund seems bid for a 143.11 test… The Mar S&P500 future is still in a slow advance. Key short-term supports are located at 1494 & 1490… EuroStoxx50 on the other hand seems ripe to fall below key short-term support at 2597 – further underscoring the relative difference between stocks in the US on those in the eurozone (a bearish EURUSD argument)… Apr Brent Crude is still consolidating recent gains. Keep a double $116.28\118.74 watch with the market…
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