28 Apr 2015
SEB: EUR/USD seeking the high 1.09s before downside resumes - eFXnews
FXStreet (Barcelona) - According to SEB, EUR/USD migt resume bearish after testing higher levels into the high-1.09s, as noted by eFXnews.
Key Quotes
“The near-term grind higher is still on; now testing resistance at the low end of the descending 55day exponentially weighted moving average band (1.0915\1.1035).”
“While short-term dynamic support at the flat "Kijun-Sen" (1.0775) remains intact additional gains into the high-1.09s is the best fit. but once there look for near-term bearish signals to take advantage of.”
“Current intraday stretches are located at 1.0790 & 1.0955.”
This content has been provided under specific arrangement with eFXnews'
Key Quotes
“The near-term grind higher is still on; now testing resistance at the low end of the descending 55day exponentially weighted moving average band (1.0915\1.1035).”
“While short-term dynamic support at the flat "Kijun-Sen" (1.0775) remains intact additional gains into the high-1.09s is the best fit. but once there look for near-term bearish signals to take advantage of.”
“Current intraday stretches are located at 1.0790 & 1.0955.”
This content has been provided under specific arrangement with eFXnews'