Yesterday turned out to be mainly a day of congestion and consolidation except for the Scandies that continued to weaken. EURUSD looking for a resumption of the move lower from today or Monday, EURGBP same, AUDUSD possible printing a weekly bearish engulfing candle (AORD & CRB supporting a negative development), EURSEK violated both 8.5060 and 8.5300 meaning that the case for a sub 8.25 move now is closed. USDSEK more positive signs, looking for a 6.5905 break next week, EURNOK broke 7.5780 paving the way for 7.65/66, USDBRL resistance pointing next a 2.0395, EURHUF strong rise probably ended the past month correction, BUNDS continues to make bullish progress, S&P500 another down day but still propped up by the 1527/30 support, OIL a day of correction might be followed by a 2nd one.
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