17 Jun 2015
SEB: EUR/USD bears a drop below 1.1189 – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB suggests keeping an eye on 1.1205 and 1.1189 levels for any signal of downside resumption in EUR/USD, as shared by eFXnews.
Key Quotes
“The upside failure yesterday comprise the looks of a completed minor topside "A-B-C" but it needs a sub-1.1189 drop for confirmation. Intradaily it looks worthwhile to also keep an eye on how a 1.1205 loss is treated if/when it happens.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The upside failure yesterday comprise the looks of a completed minor topside "A-B-C" but it needs a sub-1.1189 drop for confirmation. Intradaily it looks worthwhile to also keep an eye on how a 1.1205 loss is treated if/when it happens.”
This content has been provided under specific arrangement with eFXnews.