All eyes on the LTRO results now… EURUSD could be a “buy-the-rumor-sell-the-fact” experience… GBPUSD could extend the fresh yearly high scored, but there is more resistance above to consider… USDJPY under 80.00 would expose 79.55, but back over 80.80 would be renewed near-term bullish… EUR/SEK is stuck in a ~8.81\86 range, while (if EURUSD turns out as suspected) a bullish “Spring-bottom” could be added on a session CLOSE over 6.5340… EURNOK has failed to capitalize on an earlier “Spring-bottom” and the recent 7.4540 low could be tested again (NB FX purchases to be announced today posts an event risk)… JPYNOK could stage a counter-trend move, so keep an eye on 6.94 & 7.01… The move higher in NZDUSD looks tired (trend-ending setup) – key ref below at 0.8263… Cash Gold looks set to take out a key $1803 ref anytime soon… The (trend-ending?) wedge in USDHUF must also be watched with forint hostile hints on a >217.20 break… EURPLN has scored fresh lows but trades in medium-term key support area making a reversal more likely now… Bonds (German & US) are still in fashion and should continue to score… S&P500 prints a “wedge-within-a-wedge” = losing topside momentum. 1334 is a key ref below to remember… Brent Crude is still in a correctional setback and slightly lower levels may be seen before printing fresh highs…
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SEB tech team