EUR/USD in limbo between bullish price action and short-term trend-following tools pointing lower. Watch both 1.2247/29 below and 1.2344\52 above… EUR/JPY targets 147.04 next, possibly even lower levels later, but not if reclaiming 148.85 again… GBP/USD over 1.5660 would target 1.5726\62… EUR/SEK is slowly grinding higher but watch trendlines at 9.2650 & 9.3410 equally close… USD/SEK seems ripe to retest support at 7.5200/7.4775… JPY/SEK correctively moves back towards resistance at 6.36… EUR/NOK is not testing +8.85 resistance… The earlier AUD/NZD correction higher seems ended. Watch 1.0760 now… MSCI Emerging Markets index is accelerating lower… (No wonder EM currencies are hurt in the wake of a stronger USD)… USD/CNH is soaring and a short-term “Equality point” at market is under pressure… USD/ZAR has violated major resistance and looks set to extend gains further. A short-term breakout target can be found near 11.90… Mar Bund rebounded surprisingly. A marginally fresh high (>153.86) before down is a possibility… US Mar tens also rejected a downside attempt, so “up-before-down” is a likely scenario… A short-term bearish candle was added in the Dec S&P500 contract yesterday. A recheck of support at 2,049 seems likely now… The Jan Brent Crude contract failed to find support at last week’s low and the slump is accelerating again. A move below the $60-handle has become a vivid risk now…
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