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26 Feb 2015
SEB: EUR/USD bids at 1.13 limiting the downside – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for EUR/USD.
Key Quotes
“Since a few days the market is established below the lower boundary of the triangle but annoyingly without downside follow through.”
“So far bids below 1.13 have repeatedly been preventing the market from breaking below the 1.1262 key support (and barrier to a new trend low).”
“To get any directional input the market must at least move above 1.1450 or fall below 1.1262.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Since a few days the market is established below the lower boundary of the triangle but annoyingly without downside follow through.”
“So far bids below 1.13 have repeatedly been preventing the market from breaking below the 1.1262 key support (and barrier to a new trend low).”
“To get any directional input the market must at least move above 1.1450 or fall below 1.1262.”
This content has been provided under specific arrangement with eFXnews.