Technical Alert: Strong euro, weaker dollar, krona (and possibly also the pound)

EUR/USD: Violation above a Jan peak at 1.3740 is a short-term bullishlead. The move is not stretched and is seemingly working itsway through an “Equality point” at market. The next stopwould be the 127.2% Fibo extension ref and old highs (thesingle session 1.3894 spike excluded). 1.3740/33 should befirst line support, followed by more at 1.3684/68.

Read the full report: Technical Alert

 

SEB