Stronger Nokkie catches the eye this morning despite sharply lower oil – threatening to challenge the May lows. EURNOK could extend the drop towards the lower 7.7s…
The Stokkie is less fortunate and EURSEK could test 9.2250-2400 again… This leaves the NOKSEK cross exposed to further gains – despite a short-term stretch… EURUSD looks less directional today, but a broader case remains bearish while below 1.45… Cable was also bounced off key support yesterday, but overhead resistance levels sponsor new attempt lower later and a weekly close under 1.6140 ought to have broader bearish implications.
Tech team
Skandinaviska Enskilda Banken AB