Technical Analysis: Technical Alert: Europhoria boosts risk appetite – but will it last?

EURUSD and other USD pairs may extend the recent move somewhat, but dollar weakness is likely still just a patch… 1.3937 is key in EURUSD and first support is found at 1.3525…

EURGBP over 0.8739 would traget 0.8795… EURJPY over 105 would suggest extension towards 106.40, possibly higher… EURSEK seeks buyers in the 9.10/05-zone… EURNOK should encounter bids ahead of 7.76… EURPLN could test 4.2870 before turning up again…

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http://www.easyforexnews.net/wp-content/uploads/2011/10/TA1110.pdf

 

Tech team
Skandinaviska Enskilda Banken AB