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2 Mar 2015
SEB: EUR/USD to see a small pause before resuming lower – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for EUR/USD, with SEB predicting the pair to head lower towards 1.1098 after seeing a minor upside action.
Key Quotes
“Since the break of 1.1262 on Thursday the pair has continued lower albeit at a much slower pace.”
“The slowing momentum, an hourly five wave pattern and a couple of 161.8% Fibo projection points all points to a possible minor upside reaction (1.1240?) before making a go at the 1.1098 low point.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Since the break of 1.1262 on Thursday the pair has continued lower albeit at a much slower pace.”
“The slowing momentum, an hourly five wave pattern and a couple of 161.8% Fibo projection points all points to a possible minor upside reaction (1.1240?) before making a go at the 1.1098 low point.”
This content has been provided under specific arrangement with eFXnews.