EURUSD is stuck in a 1.2955-1.3135 range. Overall short-term picture remains tilted to the downside so any break back below 1.2980 should be watched… next target for USDJPY is located at 97.55… BoE GBP index moves towards 77.50 but ought to attract some buying there, possibly for a 79.30 bounce before resuming the slide… EURCHF seems close to attempt a +1.2391 break… EURSEK is targeting a short-term Fibo retracement ref at 8.3850, possibly the mid-Feb low of 8.4015… USDSEK over 6.4235 would expose the Feb high of 6.4865… EUR/NOK above 7.4680 would target Feb’s best at 7.5250… USD/NOK should advance to/above 5.80… USD/CNY 12mt NDF should enjoy support at 6.30. Back over 6.3190 would be renewed bullish… EURHUF through the 300-handle has opened for extension towards next key ref located at 307.65… EURPLN support below 4.12 remains intact… German Jun tens should be supported at 142.27 while US Jun tens continues to draw support from the 2% yield level in the cash bond. Above 2.09% is needed to lift sights to 2.19-2.39%… The Jun S&P500 contract is still targeting 1,558… May Brent Crude may test support at $108.56 again before long…
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