17 Mar 2015
SEB: EUR/USD might retest 1.0664/8 before selling resumes – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that EUR/USD might re-test 1.0664/8 levels before encountering serious selling pressure.
Key Quotes
“Could recheck 1.0664/8 .Before serious selling resumes.”
“Buyers responded at levels near a long-term 1.0420 Fibo and added the 2nd modestly bullish print in three days.”
“The weekly mid-body point (1.0664) and the Mar12 high (1.0684) act as both attraction and resistance above (more of that at the descending 8day 'Tenkan-Sen', now at 1.0745).”
“Back below 1.0498 would indicate that a fresh low (1.0457) is coming.”
“Current intraday stretches are located at 1.0480 & 1.0640.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Could recheck 1.0664/8 .Before serious selling resumes.”
“Buyers responded at levels near a long-term 1.0420 Fibo and added the 2nd modestly bullish print in three days.”
“The weekly mid-body point (1.0664) and the Mar12 high (1.0684) act as both attraction and resistance above (more of that at the descending 8day 'Tenkan-Sen', now at 1.0745).”
“Back below 1.0498 would indicate that a fresh low (1.0457) is coming.”
“Current intraday stretches are located at 1.0480 & 1.0640.”
This content has been provided under specific arrangement with eFXnews.