AUD & GBP are winners on decreased risk aversion, EUR lags behind…
EURUSD could extend correctional gains towards 1.3213\25 & USDindex could recheck 79.10 while GBPUSD may advance into the high-1.57s and AUDUSD could score 1.0275 before falling back… EURSEK grinds lower, but not without buyers’ response on dips – watch 8.9500 & 9.0150 today… EURNOK was refused a low session close yesterday – over 7.7370 would indicate a change in near-term NOK bullish sentiment… EURHUF & EURPLN could extend corrections somewhat further and test 295.50 & 4.4430/4.4240 before up…
US & german yields correct higher while stocks improve. S&P500 refs above to keep in mind are found at 1255\1262… In this environment oil could stretch for (but not above) $111.33…
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http://www.easyforexnews.net/wp-content/uploads/2011/12/TA2112.pdf
Tech team
Skandinaviska Enskilda Banken AB