Södergren: Was die Erste-Charttechniker zu Währungspaaren und Öl zu sagen haben

Eben von der Erste Group eingelangt:Summary EUR/CZK Koruna returned to consolidation range 25.80 – 26.00. Return to 25.80 – 26.00 range is most likely only temporary. Underlying momentum is still downward. Return to 25.50 level and its testing is our preferred technical scenario. EUR/PLN Zloty returned downward trend after short correction on 4.15 level. Continuation of downward trend to 4.00 psychological level and then more substantial correction or consolidation is our main technical scenario. EUR/HUF Forint is returning to mid-term downward trend after short correction. We should see renewed testing of 266 level. EUR/RON EURRON is in sideways trend. Continuation of consolidation below 4.23 level is most likely scenario. EUR/USD Based on 4H candle chart, currency pair dropped to 200 MA which worked as a support. For time being, we advise to stay out of the market (we expect EUR/USD to move within long term trading range of 1.39-1.44. EUR/JPY EURJPY broke through 135.4 level. Yen should test 138 resistance. If it is successful, then is open room for weakening of yen to 143.54 level. However more likely is return below 135.4 level, especially because of nearly overbought RSI. EUR/CHF EURCHF is in consolidation in the 1.515 – 1.550 range. Continuation of consolidation in the 1.515 – 1.550 range is most likely technical scenario. Brent Oil is in mid-term short-term uptrend leg on long term growth trend. We expect near term correction because of overbought conditions. Strong growth momentum should sustain upward push in mid term horizon.