SEB: EUR/USD triangle case running out time? - eFXnews

By FXstreet.com | August 18, 2014 AAA

FXStreet (Łódź) - The eFXnews team note that that SEB points out that even though we saw EUR/USD falling below 1.3360 during the last nine days, it never ended the day below that level.



Key quotes



"There’s apparently a significant bid in the area counteracting the bearish triangle that we have been creating during last week."



"The triangle is more or less complete so if a downside break (a minimum move to 1.3332 (ideally 1.3250)) doesn’t take place within shortly the risk will swing to the topside (breaking 1.3416)."



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