Strong signs of more sek weakness going forward

EUR/USD: The market failed to make the outlined 1.3462 test (andbreak) and instead, after an early and failed attempt tobreak 1.3485, bounced back mid range. As long as 1.3607isn’t violated (above 1.3607 a new cycle high will beconfirmed) we will continue to see risk skewed to thedownside.

Read the full report: Technical Alert

 

SEB