The relief bounce continued also Friday but the signs of running out of steam remains.
EURUSD appears responding to the 1.4565 Fibo, EURCHF should be capped by 1.2400, the former floor, EURGBP huffing and puffing but seems unable to get a foothold above 0.9043 (May high), EURSEK continued downside pressure but support firming below 9.0750, EURNOK still looking for a second corrective leg higher making NOKSEK offered for now. BONDS (US note & Bunds (and many more)) posted, in yield terms, strong turnaround signals (key week), Gold still offered, Oil bid and equities on a firmer footing.
Tech team
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/07/TA.pdf
SEB
Technical Alert
