$ is back in demand. The SEK is on a weakening path.

EURUSD: The fallout from what seems to be a bear flag has put the1.2605 key support up for grabs. A break will confirm an endto the three week long correction and call for a new trendlow to be traced out, probably in the 1.22/23-area where wemeet the estimated 2010 support line (below 1.2501 willhowever fulfill the minimum target for a 1.2605 break).

Read the full report: Technical Alert