SEB: EUR/USD: Should extend losses below 1.34 - eFXnews

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Łódź) - The eFXnews team remark that SEB sees EUR/USD droppig below the 1.34 level.

Key quotes

"There is nothing in the dailies nor in the intradailies indicating that buyers are about to grab the initiative.”



“On the contrary, the move lower is orderly and without excesses, so why should they be in a rush to step in?”



“Below 1.3395 would for today target 1.3375-1.3350."



"First nearby resistance is located at 1.3445 and then comes a stronger area resistance at 1.3475-1.3485.”



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