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10 Apr 2015
SEB: EUR/USD: dollar favoured - eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB shares the outlook and key technical levels for EUR/USD.
Key Quotes
“The range is getting unpack - in favor of the dollar. The prior low point and support at 1.0713 equals yesterday's bearish benchmark candle mid-body point and is thus first-hand resistance.”
“The next hurdle to pass below is a short-term 127.2% Fibo extension ref and a mid-Mar reaction low in the low 1.06s.”
“And if this levels fails to attract buyers, cycle low of 1.0475 (and the 161.8% Fibo projection ref just above) would be exposed.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The range is getting unpack - in favor of the dollar. The prior low point and support at 1.0713 equals yesterday's bearish benchmark candle mid-body point and is thus first-hand resistance.”
“The next hurdle to pass below is a short-term 127.2% Fibo extension ref and a mid-Mar reaction low in the low 1.06s.”
“And if this levels fails to attract buyers, cycle low of 1.0475 (and the 161.8% Fibo projection ref just above) would be exposed.”
This content has been provided under specific arrangement with eFXnews.