The euro looks a bit healthier this morning with gains scored against dollar, yen, pound, the kronas and the CEE3s… EURUSD is perhaps the least exciting of those, while the bullish EURJPY print challenges overhead resistance refs (at 104.63-105.25), but keep watching support below at 104 +/-15pips – below would trigger recoil lower… EURGBP is testing 0.8163\75 resistance and above would expose 0.8222\40… EURSEK through 8.61 increases the probability for a 8.6950-8.5475 correction passed its low – confirmed above 8.6670… EURNOK above 7.4150 exposes 7.4420 (and later 7.4995)… The Brazil real seems heavy with it’s stock market set to violate support at 58,100… This is seemingly connected to the CRB index about to erode support at 302.45… The rand is another EM currency facing headwinds and USDZAR looks about to break resistance at 8.6750 for transport higher (key ref above is located at 8.8370)… SP500 could produce a “mid-body recheck and sell-off around 1438, so keep eyes open there… Brent crude seems also headed lower to test refs at $106.95 & 106.49/bbl…
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SEB tech team