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5 Feb 2015
SEB: EUR/USD upside might cap at 1.1395 – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for EUR/USD, expecting 1.1395 to cap the pair’s upside.
Key Quotes
“Yesterday’s price action indicates that the upward reaction fell short of its ideal target, the equality point between wave a and c, 1.1588.”
“Even though the setup looks promising we must break below the b-wave, 1.1262, low in order to confirm new trend lows.”
“Upside attempts should be capped around 1.1395 and should, if occurring, be used selling into.”
Key Quotes
“Yesterday’s price action indicates that the upward reaction fell short of its ideal target, the equality point between wave a and c, 1.1588.”
“Even though the setup looks promising we must break below the b-wave, 1.1262, low in order to confirm new trend lows.”
“Upside attempts should be capped around 1.1395 and should, if occurring, be used selling into.”