Stronger JPY underway, NOK/SEK seen lower

EUR/USD: The (wave e) bounce from the lower boundary of the triangle became more impulsive than normally is the case with e-waves (tends to be weak ahead of a forthcoming break). Nevertheless as long as not passing 1.2991 the bear triangle will be our main scenario (above 1.2991 a small adjustment to a bear flag and a peak at 1.3013 will be made). Resistance 1.2978, 1.2991, 1.3013, 1.3033, Support 1.2919 1.2897 1.2838 1.2796.

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