FXStreet (Łódź) - As the eFXnews team note, the technical strategy team at SEB Group observe that EUR/USD's short-term 127.2% Fibo extension ref (1.3492) was tested and rejected on Friday.

Key quotes

"Last week's candle is a net down week nevertheless, but the long lower shadow points small 'up-before-down'."

"The key medium-term ref on any serious medium-term investor remains the yearly low at 1.3477."

"Current intraday stretches are located at 1.3480 & 1.775."

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