13 May 2015
SEB: EUR/USD boxed between 1.1131 and 1.1290 – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that EUR/USD requires a break from its 1.1131-1.1290 range to gain short-term directional strength.
Key Quotes
“Our assumption of a continued decline towards 1.1067 has at least been postponed by the recent price action. There’s currently kind of a stalemate between 1.1131 and 1.1290 and an exit from the range is needed for short term directional guidance (below 1.1131 a head and shoulders top being confirmed and above 1.1290 a similar pattern visible however only in an hourly chart).”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Our assumption of a continued decline towards 1.1067 has at least been postponed by the recent price action. There’s currently kind of a stalemate between 1.1131 and 1.1290 and an exit from the range is needed for short term directional guidance (below 1.1131 a head and shoulders top being confirmed and above 1.1290 a similar pattern visible however only in an hourly chart).”
This content has been provided under specific arrangement with eFXnews.