SEB: EUR/USD could still recheck the high 1.34s - eFXnews

By FXstreet.com | Updated August 05, 2014 AAA

FXStreet (Łódź) - The eFXnews team remark that SEB points to the Eurozone Markit PMI as well as the US ISM Non-Manufacturing data as Tuesday's highlights and until they are released the bank sees activities restrained by intraday stretches at 1.3375 and 1.3465.

Key quotes



"Otherwise, the stage looks unchanged from yesterday with Fri's bullish candle dominating the near-term picture, holding a 1.3477/13508 recheck possible."



"Support remains at Fri's mid-body point, 1.3409."



"A move back below 1.3378 would hint of a completed correction higher."



'This content has been provided under specific arrangement with eFXnews.'



Related Forex Analysis
  1. Forex News

    Key ECB developments - BNP

  2. Forex News

    EUR/USD parked in lows near 1.2440

  3. Forex News

    As long as inflation is too low, the ECB will want to weaken the euro - Commerzbank

  4. Forex News

    EUR/USD getting what it deserved on end of month flows?

  5. Forex News

    EUR/USD and USD/JPY treading water – Danske

Trading Center