SEB: EUR/USD temporary bounce from support - eFXnews

FXStreet (Łódź) - The eFXnews team remark that SEB comment on EUR/USD's temporary bounce following the earlier drop between the two support levels of 1.2625 and 1.2605.

Key quotes

"The congestion will either take the shape of a minor (hourly) triangle (remaining below 1.2677) or, if 1.2677 is broken creating a bear flag."

"The latter alternative will bring the pair up to 1.2693 before entering the next selling phase."