Another day of euro congestion seen yesterday but we are now on the verge of taking the next step higher. Sterling continues to be under pressure and so does the yen (after failing to complete a head and shoulders top). EURUSD the bull triangle should be exited any hour (minimum target 1.3405, ideal target 1.3487 -3540), GBP continues to crash lower (CABLE broke lower and EURGBP almost up at the 2012 high), USDJPY failed to complete a h&s top and instead broke to a fresh cycle high…warning signs however still valid, EURSEK minor bull triangle suggests a rise to 8.74/76, EURNOK two way traffic in the 7.40/41 area but in the end liked higher, NOKSEK caution if breaking 1.1760/65, USDZAR taking a breather after past days surge, EURHUF stubbornly below the 295.80 resistance (but seen soon breaking), EURPLN to stretch out for 4.22, BUNDS failed above the neckline, S&p500 kind of an up-thrust peak, profit taking ahead of the w/e?, OIL short term stretched but stil bid….
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SEB tech team