The market is basically still in the process of digesting the eruptions from Thursday. Short term we will probably be tracing out marginally fresh euro peaks but the short term reaction risk is high. EURUSD up above 1.3404 but likely to falter there, USDJPY signs gathering for a setback…biggest warning sign is that during the past weeks, despite the surge in price, spec’s are trimming their short positions, BOE GBP index strongly suggests that we’ve entered a period of broad sterling weakness, EURSEK at the next target, 8.64/65, EURNOK still room to rise so NOKSEK seen lower, underpinned by a bearish key day reversal on Friday, EURCHF popping up above its Sept peak => 1.2330?,EURHUF continues to add bullish price action, BUNDS on top of a stronger Fibo supp cluster, NOTES bottom formation or bear flag?, S&P500 bid and stretched, OIL bearish print scrutinized.
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SEB tech team