12 Dec 2014
SEB: EUR/USD ends the week rangebound? – eFXnews
FXStreet (Barcelona) - The eFXnews team notes SEB feels the EUR/USD pair might trade in the 1.2345 & 1.2465 range for the entire session today.
Key Quotes
“Well the intraday downside impulse doesn't pass unnoticed - just as if the market doesn't want to test the high end of the 21day +/-2std dev band. Outside 1.2370/1.2414 may be a cue for the session ahead, but current intraday stretches located at 1.2345 & 1.2465, may restrict action for the entire session without fresh news feeding into a directional conclusion.”
Key Quotes
“Well the intraday downside impulse doesn't pass unnoticed - just as if the market doesn't want to test the high end of the 21day +/-2std dev band. Outside 1.2370/1.2414 may be a cue for the session ahead, but current intraday stretches located at 1.2345 & 1.2465, may restrict action for the entire session without fresh news feeding into a directional conclusion.”