Euro finding support and recovers some of the earlier losses, we see a clear risk of more of the same for the coming days. GBP rather balanced but still deeply oversold so a small bullish bias, long SEK and especially NOK to be unwinded. EURUSD strong support beneath together with less bearish price action warns of a 1.31 bounce, CABLE indecisive but best fitted pattern calls for somewhat higher levels, EURJPY bull triangle?, EURSEK 2nd leg higher to 8.4520 underway, EURNOK more bullish evidence posted, next 7.65/66, OBX expected to also break lower, USDZAR at a four year high and seen higher still (but watch out for the ceiling line 9.35/38 depending on time, EURCZK & EURPLN both breaking higher, BUNDS setback aiming at filling the w/e gap, €STOXX50 testing & turning down? from 2713/15, S&P500 higher lows still points higher, OIL inside day = upside correction warning.
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SEB