Very positive $ signs. Scandies to suffer more.

EUR/USD: Even if it still has to be seen whether the price ends backwithin the 55w Bollinger (see yday TA) or not other signs ofweakness are resurfacing today. Firstly the move outside the233d Bollinger yesterday was pushed back below the upperboundary and secondary an hourly bearish wave patternforming. Also the nearness to the Oct peak should have animpact. So for today we are looking for more weakness anda likely go at the July trend line, now acting support.

Read the full report: Technical Alert

 

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