3 Dec 2014
SEB: EUR/USD bullish possibility crashed – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes, SEB observes that the possibility of EUR/USD moving above 1.25 levels crashed as market closed yesterday at lower levels, and now targeting 1.2290 levels.
Key Quotes
“To try to sound even near-term bullish is a FUBAR mission. Yesterday's opportunity for +1.25 move crashed on the starting grid and the market closed low enough to post a serious threat to recent lows (1.2358).”
“A short-term 'Equality point' at 1.2290 would in this case be the next target on the south, followed by a minor medium-term ref at 1.2242 and a key long term ascending trendline at 1.2230. Res likely around 1.2419/26. Current intraday stretches are located at 1.2340 & 1.2465.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“To try to sound even near-term bullish is a FUBAR mission. Yesterday's opportunity for +1.25 move crashed on the starting grid and the market closed low enough to post a serious threat to recent lows (1.2358).”
“A short-term 'Equality point' at 1.2290 would in this case be the next target on the south, followed by a minor medium-term ref at 1.2242 and a key long term ascending trendline at 1.2230. Res likely around 1.2419/26. Current intraday stretches are located at 1.2340 & 1.2465.”
This content has been provided under specific arrangement with eFXnews.