Technical Alert

The euro is the overall underdog, driven lower by EuroStoxx and especially EuroStoxx Banks index… EUR/USD closed low enough to argue for additional losses today, EUR/JPY is targeting 118.74/117.06. Key short-term resistance refs above are placed at 124.50 & 126.03, EUR/GBP looks set to take out the Feb low of 0.8442, EUR/SEK trades closer to a key short-term ref at 8.3125, USD/SEK remains bid, holding refs at 8.5530 & 8.5930 in sight, EUR/NOK cold trade somewhat lower towards 7.4800 before turning higher again

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