Technical Analysis: Technical Alert – July 18

No really strong signs this morning, looks to us like a waiting game…
EURUSD rejection from above 1.4200 still lacks a downside acceleration, EURJPY looks more promising but still faces firm support in the 109/111-area, EURGBP to test its key support, 0.8721, this morning, EURSEK still aiming at the 9.29/32-area, EURNOK impressiv bullish weekly candle last week, US 10Y yield still seen lower (supporting stronger JPY), Equities, S&P500, downside risk still dominating, Oil doing nothing and Gold shines as never before.

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http://www.easyforexnews.net/wp-content/uploads/2011/07/TA1807.pdf

 

Tech team

Skandinaviska Enskilda Banken AB