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3 Sep 2014
SEB: EUR/USD move lower slows again - eFXnews
FXStreet (Łódź) - The eFXnews team remark that the SEB doesn't attribute the slowing down of EUR/USD's drop to just another bearish consolidation.
Key quotes
"From here it looks more like a near-term 'Round-bottom', following a full minor bearish 5-wave sequence."
"If this assumption is correct, recovery to least 1.3145/53 should materialize."
"On the downside 1.3104 is still a medium-term ref to keep in mind."
"Current intraday stretches are located at 1.3080 & 1.3175."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"From here it looks more like a near-term 'Round-bottom', following a full minor bearish 5-wave sequence."
"If this assumption is correct, recovery to least 1.3145/53 should materialize."
"On the downside 1.3104 is still a medium-term ref to keep in mind."
"Current intraday stretches are located at 1.3080 & 1.3175."
'This content has been provided under specific arrangement with eFXnews.'