Technical Analysis

EURUSD looks set to test the recent 1.3322 high but the upside is not a done deal… USDJPY is short-term stretched and some longs should be weathered, paving for a ~79-recheck… AUDUSD could be in a more pronounced correction lower so keep an eye on the recent 1.0629 low… EURSEK still stuck in a ~8.80\8.85 range – with a small tilt towards a 3rd 8.8520 test… USDSEK on the other hand could test the yearly low of 6.6085… EURNOK has to deal with the short-term downside overstretch so a ~7.54 watch looks warranted… NOKSEK could further vent the prior short-term overstretch and under 1.1700 could target 1.1650 before higher… EURGBP looks staged to test the higher end of the recent range at 0.8410… Greek stocks trade higher but not convincingly so – a downside watch seems appropriate with a key level to watch at 749… USDHUF is back at key short-term support and must be monitored – above 226.70 would be renewed bullish… EURPLN violated a “B-wave low” with a few pips yesterday and this calls for a fresh low.

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SEB tech team