SEB: EUR/USD move lower slows again - eFXnews

By | Updated September 03, 2014 AAA

FXStreet (Łódź) - The eFXnews team remark that the SEB doesn't attribute the slowing down of EUR/USD's drop to just another bearish consolidation.

Key quotes

"From here it looks more like a near-term 'Round-bottom', following a full minor bearish 5-wave sequence."

"If this assumption is correct, recovery to least 1.3145/53 should materialize."

"On the downside 1.3104 is still a medium-term ref to keep in mind."

"Current intraday stretches are located at 1.3080 & 1.3175."

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