SEK weakness likely to pause. US equities hard hit

EUR/USD: The break of 1.3877 triggered the stop of our TA sellrecommendation posting a 0.12% loss. The only remainingline of defense, before making a new high, is the 78.6% Fiboresistance at 1.3905. If also passed, which currently lookslikely, the way is paved for the prior high 1.3967 and the Octtop line at 1.3995. To avoid the above scenario the pairbasically needs to close below 1.3836 today.

Read the full report: Technical Alert

 

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