Technical Analysis

Still an euro friendly environment with EURUSD remaining on a northern track, aiming ideally at the 1.34-area, EURJPY making a second attempt higher, holding potential for a 104.37 move, EURGBP forming a possible pressure cooker upside formation, EURSEK topside failure caps upside attempts, if EURNOK falls below 7.6180 the spring bottom will be disregarded, some USDTRY bidding noted, EURPLN the first bullish print for a long time, BONDs looks neutral for the day, EQUTIES beginning to behave stretched, OIL as well and GOLD in a small pullback.

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SEB tech team