EUR/JPY bullish response. NOK/SEK s/t stretched.

EUR/USD: Friday’s break down into the 55d ma band was soon rejectedand we ended the day more or less unchanged with spikeson both sides showing kind of a balance reached. Risk thismorning is somewhat skewed to the topside and a moveabove 1.3774 will probably attract a few more buyers and apotential lift to 1.3813.

Read the full report: Technical Alert

 

SEB