Bounces in markets like EURUSD, EURGBP, USDCAD, USDKRW, USDMXN & S&P500 should be taken in as temporary (but they could still score deeper setbacks before resuming trends)… EURSEK, EURNOK & EURPLN are already ranging with low near-term directional conviction… EURCHF may lift above the recent 1.2345 move to test 1.2400\15… NOKSEK may extend losses towards the 1.16-ref (but the move lower retains a correctional look)… Bonds may top out (since they seem to respect overhead resistance)… Oil will break lower before long and this could develop into a massive move towards $80/75 later…
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http://www.easyforexnews.net/wp-content/uploads/2011/10/TA0510.pdf
Tech team
Skandinaviska Enskilda Banken AB