Technical Analysis

EURUSD slowly edging higher in what seems to be a corrective move, CABLE still looking offered in the high 1.55’s, EUR/scandies pushing on the low side but sustainability breaking lower should be poor, we think, NOKSEK long downside spikes shows that buyers are entering the market, BUND ending its downside correction?, NOTES in the process of building a bullish continuation pattern, €stoxx50 2110 a bear trigger worth watching, OIL hovering just above support (awaiting a break) and GOLD heading for a 1641 break.

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SEB tech team