SEB: EUR/USD in the middle of the support zone - eFXnews

By FXstreet.com | Updated August 21, 2014 AAA

FXStreet (Łódź) - The eFXnews team comment that the SEB points out that after the EUR/USD crossed the 1.3295 level it continued it descent.



Key quotes



"The pair soon arrived at 1.3250, the 38.2% Fibo support of the entire 2012/14 advance and the theoretical target for the triangle."



"As triangles normally are occurring very late in trending moves the risk of a reversal following a triangle breakout is high so we think it is time to start looking for correctional signs from 1.3250 and downwards."



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



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    FOMC a disappointment with majors in familiar ranges - FXStreet

  2. Forex News

    EUR/USD down to 1.1310

  3. Forex News

    EUR/USD keeps the range post-FOMC

  4. Forex News

    FED: Growth description to continue to sound upbeat - JPM

  5. Forex News

    FOMC: Limted changes expected - SG

Trading Center