With many ccy pairs having arrived at support/resistance points a clear slowdown in activity noted.
EURUSD resting at the low end of the 233d ma, EURJPY on its July support line, CABLE ndecisive with false breaks now on both sides, EURSEK still waiting to pass the neckline, EURNOK ending bounce? NOKSEK sidelined for now, EURHUF aiming next at the 290/1 area, BOND yields continues to fall, SPAIN bank cds’s on the move higher, EQUITIES a tad more bearish after yday’s drop and COMMODITIES, metals in particular declining (even the yellow metal fell yday,however later recovering the greatest part of the losses).
Click here to read the full report: Technical Alert
SEB tech team