24 Mar 2015
SEB: EUR/USD might see further correction higher – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that EUR/USD might see an extended period of consolidation or a decent correction higher.
Key Quotes
“Conditions are there for an extended period of consolidation or even a decent correction higher and in this process the 1.1063/98-pivot should be tested. A short-term 1.1218 'Equality point' is also on the agenda.”
“But first things first; near-term buyers ought to show up in the nearby 1.0885/60 support zone or else at 1.0770/55.”
“More support (preferably not to be retested for the time being) is located at 1.0654/13.”
“Current intraday stretches are located at 1.0795 & 1.1015.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Conditions are there for an extended period of consolidation or even a decent correction higher and in this process the 1.1063/98-pivot should be tested. A short-term 1.1218 'Equality point' is also on the agenda.”
“But first things first; near-term buyers ought to show up in the nearby 1.0885/60 support zone or else at 1.0770/55.”
“More support (preferably not to be retested for the time being) is located at 1.0654/13.”
“Current intraday stretches are located at 1.0795 & 1.1015.”
This content has been provided under specific arrangement with eFXnews.