28 Oct 2014
SEB: A completed bear flag in EUR/USD? - eFXnews
FXStreet (Łódź) - The eFXnews team remark that SEB see the possibility of EUR/USD's small upward correction ending with the pair's last increase to 1.2723 on Monday.
Key quotes
"Also the fact that the ascent is so slow compared to the preceding decline also argues for it to be merely a correction."
"A 1.2665 break will now likely be enough to get things going more impulsively for the downside."
Key quotes
"Also the fact that the ascent is so slow compared to the preceding decline also argues for it to be merely a correction."
"A 1.2665 break will now likely be enough to get things going more impulsively for the downside."