13 May 2015
SEB: EUR/GBP challenging 0.7117 – eFXnews
FXStreet (Barcelona) - According to SEB, EUR/GBP technicals suggest the pair is set to make a break lower, as noted by eFXnews.
Key Quotes
“Yesterday’s topside spike clearly shows that the sellers still are in control and as a consequence we will probably see a test of the B-wave low (and barrier to new trend lows), 0.7117, already the coming day(s). However moving above 0.7194 will create another selling opportunity as such a break argues for another test into the 0.72’s before making the break lower.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Yesterday’s topside spike clearly shows that the sellers still are in control and as a consequence we will probably see a test of the B-wave low (and barrier to new trend lows), 0.7117, already the coming day(s). However moving above 0.7194 will create another selling opportunity as such a break argues for another test into the 0.72’s before making the break lower.”
This content has been provided under specific arrangement with eFXnews.