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SEB: EUR/USD triangle case running out time? - eFXnews

FXStreet (Łódź) - The eFXnews team note that that SEB points out that even though we saw EUR/USD falling below 1.3360 during the last nine days, it never ended the day below that level.

Key quotes

"There’s apparently a significant bid in the area counteracting the bearish triangle that we have been creating during last week."

"The triangle is more or less complete so if a downside break (a minimum move to 1.3332 (ideally 1.3250)) doesn’t take place within shortly the risk will swing to the topside (breaking 1.3416)."

'This content has been provided under specific arrangement with eFXnews.'

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