Still a € & $ waiting game. €/SEK & €/NOK upside risk

EUR/USD: Also yesterday the market continued to consolidate,digesting the impulsive decline last week. With a minimumcorrection target, 1.3535, reached there is a possibility thatwe are on our way making a new attempt to break the 55dma band/July trend line. On the other hand remaining atcurrent levels will keep the door open to the mid body point,both the daily as well as the weekly, before continuing downinto the 1.32’s.

Read the full report: Technical Alert

 

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