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30 Sep 2014
SEB: EUR/USD conditions remain notably stretched - eFXnews
FXStreet (Łódź) - The eFXnews team comment that SEB observed the addition of a potentially bullish EUR/USD candle on Monday.
Key quotes
"Short-term conditions remains strained and a correction higher is well needed."
"If eroding local resistance at 1.2715/25, extension towards 1.2756/65 is the minimum move to look for."
"Ditch this on return below 1.2678, because it would argues for a fresh low (<1.2664) in the making."
"Current intraday stretches are located at 1.2630 & 1.2750."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"Short-term conditions remains strained and a correction higher is well needed."
"If eroding local resistance at 1.2715/25, extension towards 1.2756/65 is the minimum move to look for."
"Ditch this on return below 1.2678, because it would argues for a fresh low (<1.2664) in the making."
"Current intraday stretches are located at 1.2630 & 1.2750."
'This content has been provided under specific arrangement with eFXnews.'