2 Jul 2015
SEB: DXY focus to shift to 97.78 and above – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB, see upside potential for DXY towards 97.78 and then 101.07, as noted by eFXnews.
Key Quotes
“Since the rebound from the 1985 trend line (twice challenged and twice rejected from) the market has continued to build a constructive wave pattern for a forthcoming break higher. Yesterday’s close back above the 55d ma band was another positive brick in the wall and we should now turn our focus to the recent wave (1) high, 97.78, the point where we expect to see the market take off in wave (3) targeting 101.07.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Since the rebound from the 1985 trend line (twice challenged and twice rejected from) the market has continued to build a constructive wave pattern for a forthcoming break higher. Yesterday’s close back above the 55d ma band was another positive brick in the wall and we should now turn our focus to the recent wave (1) high, 97.78, the point where we expect to see the market take off in wave (3) targeting 101.07.”
This content has been provided under specific arrangement with eFXnews.