Back
18 Sep 2014
SEB: EUR/USD seeking one more low below 1.2834- eFXnews
FXStreet (Łódź) - The eFXnews team remark that SEB notes the EUR/USD break below the 1.2908 level last week and a drop to a fresh trend low.
Key quotes
"This time we are however also starting to see a bullish divergence occurring (something that earlier has been a missing piece) indicating that we’ll soon see yet another attempt to kick off an upside correction."
"The hourly chart wave pattern indicates that we should be seeking at least one more low below 1.2860 before finding terra firma."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"This time we are however also starting to see a bullish divergence occurring (something that earlier has been a missing piece) indicating that we’ll soon see yet another attempt to kick off an upside correction."
"The hourly chart wave pattern indicates that we should be seeking at least one more low below 1.2860 before finding terra firma."
'This content has been provided under specific arrangement with eFXnews.'