Scandies look weak while the pound and the euro stronger – today at least

EUR/USD: Over the five recent sessions the small net move lower looks correctional. If breaking 1.3555 this would become even clearer and argue for extension above the recent 1.3569 high and leave the Feb high of 1.3711 with little protection (though too fast through 1.3660 would become a short-term stretch). Support remains the same: 1.3462/1.3440.