EURUSD & EURJPY look set to test the recent 1.3495 & 103.90 lows… GBPUSD has reached a target (1.5650), but there could be more supply hitting the market – if so 1.54/53 would be the next objective… EURSEK must break outside 9.1235\9.1950 for a fresh directional cue (but USDSEK could still test its recent +6.77 highs)… EURNOK shows upside impulse and a +7.8125 high should be accounted for… USDNOK also looks sturdy enough to test (break) a key M/T 5.72 juncture… NOKSEK in this environment looks set to test 1.1720, possibly also 1.1610… EURPLN looks bullish while holding above 4.3220… Bunds & Us Tens looks bid, at least when holding above supports at 136.84 & 129-27… S&P500 & EuroStoxx looks offered and so does Brent Crude… Watch the downside in all three…
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/09/TA2009.pdf
Tech team
Skandinaviska Enskilda Banken AB