Technical Alert

EURUSD did not develop a triangle, but must break 1.3520 to disqualify a bearish wave count in the making… EURGBP looks staged to advance into a fresh high above 0.8717. Key short-term support is located at 0.8575… EURJPY key ref above at 126.94 must be kept in mind – below = bearish/above = bullish… The EURSEK correction higher was cut short. Eyes back on 8.4255 & 8.4160… USDSEK looks set to squeeze out yet one more low (<6.2670). Resistance remains at 6.35\36… EURNOK seems balanced, no strong views for the day ahead, but the backdrop wave count remains short-term bullish… USDDKK rechecks 5.5325/5.5170 before steering higher again. Key refs are located at 5.4840 below and at 5.6065\5.6285 above… The NZDUSD rally has lost its glare – a momentum/price divergence points lower. Watch 0.8330 closely… CADindex seems ready to exit a bearish flag, paving the way for additional loonie losses… EURHUF should be cushioned by support below in the 290.45/288.00 zone… EURPLN remain erratic. A break outside 4.1350\4.2180 is probably needed to straighten out question marks… German & US tens seems more rangebound for the day ahead. Watch 142.29-143.11 & 131-00 – 131-23 in those… All-in on the ZEW (expectations)? Smart EuroStoxx50 rebound yesterday, but there is resistance nearby at 2667 to scale… Brent Crude trades in a bullish triangle waiting for an upside break…

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