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30 Dec 2014
EUR/USD still on a slippery slope – SEB
FXStreet (Barcelona) - The eFXnews Team notes SEB shares that the EUR/USD downside pressure has been kept in place by multiple resistances above the 1.22 levels, further anticipating a minor bounce in the pair today.
Key Quotes
“With yesterday’s short up tic holding well below both the 1.2221 and more importantly 1.2256 resistances the downside pressure was kept in place and a new low has accordingly been put in place. The floor line does however continue to offer support and if following the short term wave pattern another minor bounce should be penciled in for today.”
Key Quotes
“With yesterday’s short up tic holding well below both the 1.2221 and more importantly 1.2256 resistances the downside pressure was kept in place and a new low has accordingly been put in place. The floor line does however continue to offer support and if following the short term wave pattern another minor bounce should be penciled in for today.”