8 Apr 2015
SEB: EUR/GBP sees a double-top? - eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that EUR/GBP might be heading to form a double-top pattern with a target at 0.7065.
Key Quotes
'Double-top' in the making?...But only confirmed on a move below support at 0.7223 - then with an ideal target at 0.7065 (but with more hurdles to consider at 0.7200, 0.7154 & 0.7093).”
“A move back over 0.7385/0.7406 is needed to clear resistance and pencil in higher levels for the correction which started early Mar.”
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Key Quotes
'Double-top' in the making?...But only confirmed on a move below support at 0.7223 - then with an ideal target at 0.7065 (but with more hurdles to consider at 0.7200, 0.7154 & 0.7093).”
“A move back over 0.7385/0.7406 is needed to clear resistance and pencil in higher levels for the correction which started early Mar.”
This content has been provided under specific arrangement with eFXnews.