21 Jul 2014
SEB intraday outlook for EUR/USD - eFXnews
FXStreet (Łódź) - As the eFXnews team note, the technical strategy team at SEB Group observe that EUR/USD's short-term 127.2% Fibo extension ref (1.3492) was tested and rejected on Friday.
Key quotes
"Last week's candle is a net down week nevertheless, but the long lower shadow points small 'up-before-down'."
"The key medium-term ref on any serious medium-term investor remains the yearly low at 1.3477."
"Current intraday stretches are located at 1.3480 & 1.775."
Key quotes
"Last week's candle is a net down week nevertheless, but the long lower shadow points small 'up-before-down'."
"The key medium-term ref on any serious medium-term investor remains the yearly low at 1.3477."
"Current intraday stretches are located at 1.3480 & 1.775."