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."



'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: No press conference, no change - RBS

  2. Forex News

    What to expect from the FOMC - DB

  3. Forex News

    EUR/USD July Rebound at Risk on Hawkish FOMC

  4. Forex News

    EUR/USD hits fresh lows ahead of Fed statement

  5. Forex News

    US Dollar Risks to the Downside on a Break of these Key Levels

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!