Look for a EUR/SEK low at 8.7355/8.7100 otherwise wait for NFP

EUR/USD: The yearly high of 1.3711 remains a bright shining beaconabove, but right now the market lacks the impetus to pushfor a break. Numbers this afternoon may change this, but inthe meantime a drift lower closer to 1.3607/04 seems to bethe theme. Under 1.3585 would sniff up some bearish scent– then for extension back towards the 1.3472/1.3440support.

Read the full report: Technical Alert

 

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