After Thursday’s big moves Friday became a day of correction/congestion but risk off appears to be back already today.
EURUSD’s rejection from 1.4340, the breaking point, turn focus to new lows in the 1.3720/3835-area, EURJPY staying power beneath the cloud will continue to weigh on the pair, EURCHF the lost downside momentum despite fresh lows raises concern of a potential low point, EURSEK holding above 9.15 sees renewed pressure on 9.22, EURNOK finally some positive price action, NOKSEK buyers to return around 1.1560, EURPLN mounting upside pressure, USDTRY should turn up from here.
Tech team
Skandinaviska Enskilda Banken AB