The euro correction elaborated around Friday morning became more short lived than outlined. Key day reversals seen in several EUR & USD pairs, suggesting that the underlying trends, weaker euro/stronger dollar is back on track.
EURUSD 1.2588 exposed as being the next support of importance (Spec’s new record short position according to CoT), EURJPY bearish continuation candle, DOLLAR INDEX closed above its key resistance, EURSEK look for failures below 8.86 as USDSEK buying expected to continue, EURNOK possible bids toward 7.6680, OBX downside key day reversal from key resistance, bullish breaks in both US Note and BUNDS, EQUITIES hesitating, OIL support under pressure and GOLD bullishly holding above the 55d ma band.
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Good luck
SEB tech team