SEK & NOK soon set to weaken, again. Monitor €/JPY

EUR/USD: Nothing from yesterday’s price action helping to determine the next move from here. With mixed signals (Thursday = a bearish engulfing candle and Friday = a mildly bullish piercing one) it is probably wise to stay sidelined and await Mr Market to show the way. It is however worth to take into account that the longer the market stays tight to the 2011 and 2013 top lines the greater the risk of an attempt to break them.

Read the full report: Technical Alert



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