SEB: EUR/USD final dip lower? - eFXnews

By FXstreet.com | August 14, 2014 AAA

FXStreet (Łódź) - The eFXnews team remark that in the opinion of SEB a new trend lower is about to be established, as they see a bear triangle forming.



Key quotes

"Such a move will however probably be a Pyrrhus victory given that a triangle normally is the last congestion in a trending phase and that after a new low/high a turnaround will be made."



"There’s also the bull divergence still in place ready to underpin any attempt higher."



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



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD upside remains corrective – Commerzbank
    Forex News

    GBP/USD upside remains corrective – Commerzbank

  2. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  3. EUR/USD Daily Outlook - September 19
    Investing

    EUR/USD Daily Outlook - September 19

  4. SEB:  More EUR/USD buying seen above 1.2943 - eFXnews
    Forex News

    SEB: More EUR/USD buying seen above 1.2943 - eFXnews

  5. USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
    Forex News

    USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI

Trading Center