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

By FXstreet.com | 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.”



‘This content has been provided under specific arrangement with eFXnews.’



comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  3. US Session recap: USD consolidation ahead of FOMC
    Forex News

    US Session recap: USD consolidation ahead of FOMC

  4. A market in a technical snap-shot - RBS
    Forex News

    A market in a technical snap-shot - RBS

  5. EZ gave mixed data at key timings - BBH
    Forex News

    EZ gave mixed data at key timings - BBH

Trading Center