More JPY strength and SEK weakness in the pipe

EUR/USD: The 78,6% Fibo reaction point fenced off the market fromcontinuing on a northern path and the day ended on arather neutral footing (doji candle) however the weeklycandle became a solidly bullish one. The weekend gap lowerindicates that there is more supply entering the market andthat prices hence should be seen falling further, at leastearly in the week (the upcoming Easter holiday will probablyput a lid on activity later in the week).

Read the full report: Technical Alert

 

SEB