The euro is back under pressure. S&P surprisingly strong.

EUR/USD failed on top yesterday. Back below 1.2695 would expose the short-term 1.2605 key ref once more… EUR/JPY below 135.70 would target 135.05 next… The euro-index is back under pressure and a loss of 106.10 would target 105.70/48 and even a long-term ref at 105.14… EUR/SEK retains an upside bias despite nearby resistance, but not if giving up 9.1400 below… USD/SEK trades closer to high end of range (7.2855\7.2970)… EUR/NOK must break ranges (<8.3450 or >8.4100) to indicate direction… NOK/SEK is targeting 1.1065 next… Bunds targets 150.06/149.91 as long as holding below 151.12… The US Dec tens contract has stalled a correction lower (at dynamic support), but must break back over 128-11 to show renewed buyers’ initiative…¨’ S&P500 is shooting for 1,968\71 next. First-hand support at 1,920… Dec Brent Crude correctively targets 89.50, but NOT if losing support at 84.41…

Read the full report: Technical Alert