Back
2 Apr 2015
SEB: EUR/USD might soon resume the descent – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that EUR/USD might resume lower soon, anticipating a break below 1.0719 to make way for 1.06 area.
Key Quotes
“A very slow rise since Tuesday’s low argues for a minor bear flag to be under construction and as such selling should be resumed any hour now.”
“A break below 1.0719 confirms that the next step lower is well underway targeting the 1.06-area (from where we should bounce to 1.08/09 in order to follow a triangle path).”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“A very slow rise since Tuesday’s low argues for a minor bear flag to be under construction and as such selling should be resumed any hour now.”
“A break below 1.0719 confirms that the next step lower is well underway targeting the 1.06-area (from where we should bounce to 1.08/09 in order to follow a triangle path).”
This content has been provided under specific arrangement with eFXnews.