Dollar and NOK/SEK liked higher

EUR/USD: The past three days has developed into a relatively bearishpattern with each day printing a marginally new high beforefalling back and closing below the 2008 top line. We thinkthat the pattern clearly is showing a mounting sellingpressure hence the price expected to come lower. Breaking1.3704 will be a strong signal for a continued decline downtoward next the 233d ma band, 1.3415/3501. Our Mar 14 TAsell recommendation stop will when 1.3704 gives way beadjusted down from 1.3949 to 1.3877.

Read the full report: Technical Alert

 

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