EURUSD overlooked a potentially bearish “Doji” yesterday and demand at elevated levels is still visible. Refs above at 1.3284 & 1.3342 are now in sight. Support at 1.3144/21 must be broken to trigger a downside reaction… Q4’11 & Q1’12 tops in EURJPY are taken out. Next target/resistance is located at 112.17. Below 109.86 could start to trip some protective sell-stops… AUDUSD under 1.05 could trigger some sell/stops, opening up for 1.0460, but the key ref below is still someway off at 1.0393… EURSEK seems to trade in a correctional move down from the recent high, but back above 8.7770 is needed to confirm this… USDSEK on the other hand is putting pressure on an already shaky bullish case. Below 6.5745 would be reason for reassessment… EURNOK over 7.4105 would set a new target nearby at 7.4355\75, but not rule out extension towards 7.4650\75. Under 7.3640 would question this scenario. Below 7.3150 would be outright bearish… EURPLN just added the lowest session close since early Oct and this exposes Sep/Oct lows at 4.0600 & 4.0480… The Mar Bund shows that buyers are losing heart and this exposes prior lows at 143.75 & 143.48… The US Mar tens are also on a paced losing streak, but 131-24 ought to, at least temporary, shore up losses…
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SEB tech team