Technical Alert: Oil drop hurts some more than others. EUR/SEK testing key resistance

EUR/USD unexpectedly puts pressure back on support at 1.2445… Brent Crude fell 6.6% in one session! A bounce towards yesterday’s 75.00 mid-body point is possible before down again… USD/CAD is moving closer to a +1.14 break – in line with the backdrop uptrend… EUR/NOK is sent up to test key short-term resistance at 8.6755\8.7100. Mid-body support is located at 8.5885 and more support is found at 8.5520… USD/NOK trades bullishly into fresh highs and is targeting 6.9745\870 after a brief & shallow retest lower… USD/RUB trades higher on cheaper oil (over a rolling 21day period in fact in tandem). Next target is located at 50.16… EUR/SEK is challenging resistance at 9.3050 (and if successfully broken, open up for 9.39 next)… USD/SEK looks bid enough for another +7.48 attempt… NOK/SEK trades closer to the early Nov low at 1.0655. Resistance is likely around 1.0770\1.0805… Dec Bund is pressing into a great white unknown territory. Next bearish call has to wait until a clear-cut negative print materializes…

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