Small relief moves seen this morning after the common currency overnight failed to attract follow throug sellers breaking to a fresh low, 1.3421. The relief is however expected to be temporary only…
EURUSD possible a 1.3540 test – 1.3420/3540 congestion, EURJPY basically the same so look for offers towards 104.40, EURSEK and EURNOK both coming closer and closer to really important topside levels, 9.2075 and 7.8700, NOKSEK might be worth keeping an eye at as a minor upside reaction possible in place, Turkey about to pass an acceleration point for furhter transportation north, EURPLN now testing the upper boundary of the bull triangle, Bunds & Notes congestion ahead of topside break, in yield terms we note that Portugal and Ireland starting to move higher, S&P500 @ the crossroads, top formation or bull triangle? Oil trying to erode support in the low 110’s and Gold currently going nowhere.
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Tech team
Skandinaviska Enskilda Banken AB