It’s bascially back to the drawing board after yesterday’s €urophoria…our view of a soon break lower in EURUSD has been proven wrong and a new high above 1.3309 to be seen before a new attempt to peak will take place. EURUSD congestion on top of 1.3160, thereafter a break of 1.3309, AUDJPY small pause likely @ 94.55, buy the following dip (if any), CABLE back at mid body resistance, 1.6182, EURSEK wave pattern suggests a temorary peak in the 8.62/64-area, USDSEK ugly move lower points at 6.40 next week, EURNOK bullish setup gave a bullish outcome, EURZAR strong gains and more to come, EURHUF adding to an already bullish picture, BOND prices falling, BUNDS below support – NOTES above, S&P500 poor price action on the 5y peak, OIL topside rejection.
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SEB tech team