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13 Mar 2015
SEB: EUR/USD trapped in a narrow 1.0580-1.0650 range – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that EUR/USD requires a break from it narrow 1.0580-1.0650 range to gain direction.
Key Quotes
“A potentially near-term bullish candle was added yesterday, though uncertain for how a big correction it may have baring into.”
“The market likes it best inside a narrow 1.0580-1.0650 'Box' yesterday and it has to be violated for more directional information.”
“Over 1.0650 would then focus to 1.0695 & 1.0720. The descending 8day 'Tenkan-Sen', now at 1.0840, ought to be tougher resistance to break.”
“Current intraday stretches are located at 1.0555 & 1.0665.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“A potentially near-term bullish candle was added yesterday, though uncertain for how a big correction it may have baring into.”
“The market likes it best inside a narrow 1.0580-1.0650 'Box' yesterday and it has to be violated for more directional information.”
“Over 1.0650 would then focus to 1.0695 & 1.0720. The descending 8day 'Tenkan-Sen', now at 1.0840, ought to be tougher resistance to break.”
“Current intraday stretches are located at 1.0555 & 1.0665.”
This content has been provided under specific arrangement with eFXnews.