17 Dec 2014
SEB: EUR/USD targeting dynamic resistance at 1.2530 – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes that SEB feels correctional forces are in play for EUR/USD, as the pair is seen targeting the resistance at 1.2530.
Key Quotes
“Players may sit tighter today holding cards close to their chests while waiting for the FOMC verdict today. But correctional forces are in play as spec shorts (IMM) are in the process of reducing their wagers against the euro.”
“There is dynamic support at 1.2425 and dynamic resistance at 1.2530 and outside those 1.2413 & 1.2370 are worth keeping an eye on below and at 1.2602/14 above. Current intraday stretches are located at 1.2435 & 1.2560.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Players may sit tighter today holding cards close to their chests while waiting for the FOMC verdict today. But correctional forces are in play as spec shorts (IMM) are in the process of reducing their wagers against the euro.”
“There is dynamic support at 1.2425 and dynamic resistance at 1.2530 and outside those 1.2413 & 1.2370 are worth keeping an eye on below and at 1.2602/14 above. Current intraday stretches are located at 1.2435 & 1.2560.”
This content has been provided under specific arrangement with eFXnews.