SEB: Selling EUR/USD into fading rallies remains a main theme - eFXnews

FXStreet (Łódź) - The eFXnews team remark that the SEB sees trend-following tools pointing to a continued drop in EUR/USD, suggesting selling into fading rallies.

Key quotes

"Conditions are severely stretched and buyers' response (lower shadow within an otherwise bearish candle) at a descending parallel is possibly worth some attention."

"A weekly mid-body point and 8day 'Tenkan-Sen' provided resistance in the mid-1.27s should buyers show initiatives over 1.2664."

"Current intraday stretches are located at 1.2570 & 1.2695."

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