The euro is giving more back… EURUSD towards the low-1.34s seems increasingly likely – so far as a reaction to a prior stretch. Let’s see how this develops… EURJPY added a bearish candle yesterday which points further south (a 120.75/25 target could be penciled in)… EURCHF decisively broke one support ref yesterday and is pursing the next (at market), below would argue for 1.2170/10… EURGBP added a bearish “tweezers-top” and a notably bearish candle yesterday – next key ref below up to the test is located at 0.8474… EURSEK looks set to extend losses closer to Nov & Jan lows at 8.5060 & 8.5000. Local resistance is likely at 8.5660, 8.5780 and at 8.5930\70. Short-term key ref above is located at 8.6535… USDSEK seems to be coming back from a short-term downside overstretch. 6.3750 & 6.4330 are two milestones above to reach for. Key below is located at 6.2910… EURNOK looks set to test 7.3870/7.3780 before turning higher… NOKSEK meets buyers below an Oct’12 low of 1.1535, but above 1.1700\1.1760 is needed to draw any larger bullish conclusions… IBEX added massive losses again yesterday, now pointing at the next key ref at 7,490… EURHUF added a “V-low” pointing higher. Next key ref to probe is found at 295.15… EURPLN added a notable downside rejection, confirming key support. It seems like the recent high and a key ref just above at 4.2140-4.2180 now lives on borrowed time… Massively bullish prints in Mar Bunds & US Mar tens were added yesterday, this if anything swivels focus around back to the upside with key refs place in those at 144.07 & 131-26… Buyers lost the grip over the Mar S&P500 contract yesterday and a slip through 1,490 would increase the risk of also testing 1,467… The Mar Brent Crude contract did something similar and after gunsmoke cleared yesterday$113.45 is back in focus below…
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SEB tech team