€ strength prevailing and more is expected short term.€ vs Scandies lagging a bit but are seen catching up. Sterling continues to lose ground and JPY has entered key support areas vs. both the $ and the €. EURUSD finally out of the bull triangle => 1.3540, EURJPY key resistance cluster, 1.22.05/123.35 likely capping (USDJPY basically met its 91.48 h&s target), EURGBP heading for the 2009 top line @ 0.8630, EURSEK the bull triangle is still valid so look for 8.75ish, EURNOK correction completed a 7.50+ move in the cards, NOKSEK rejected from key resistance but need to break 1.1610 to clear the way for 1.1475, EURHUF working to pass the 298.30 for a 300+ surge, BUNDS posted additional losses Friday and is now eying an important 142.05 ref, NOTES same thing, next key ref at 131-04, S&P500 grinding up above 1500 and OIL strong weekly close points at unfilled demand.
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SEB tech team