FXStreet (Barcelona) - The eFXnews team point out that SEB sees EUR/USD pointing downward again on Wednesday after breaking below the level of 1.3378.

Key quotes

"A 261.8% Fibo projection ref at 1.3378 and a Q4'13 low of 1.3295 is the next target zone."

"Below a short-term stretch is currently not kicking in until 1.3265."

"Primary resistance is located at yesterday's mid-body point at 1.3400 and the current intraday stretches are located at 1.3330 & 1.3425."

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