JPY & CHF in demand. EUR/SEK soon seen higher.

EUR/USD: With the attempt to move up to a fresh high failing to do so only four points short of a minimum target opens up for a possible so called truncated fifth wave. On the other hand we still need a break below 1.3440 (and the weekly mid body point at 1.3417) to add confidence for a downside case.

Read the full report: Technical Alert

 

SEB