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22 Apr 2015
SEB: EUR/USD trapped in a range - eFXnews
FXStreet (Barcelona) - The Team at SEB views that EUR/USD requires a break from its 1.0655-1.0830 to gain direction in the near-term, as noted by eFXnews.
Key Quotes
“Yesterday's downside attempt was by the end of the day rejected and the marked closed at mid-range, near opening levels. A move outside at least 1.0655 or 1.0830 is needed to show some kind of near-term tilt. Additional lower refs to keep an eye on, should the market decide to go for another downside probe, are located at 1.0625 & 1.0575.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Yesterday's downside attempt was by the end of the day rejected and the marked closed at mid-range, near opening levels. A move outside at least 1.0655 or 1.0830 is needed to show some kind of near-term tilt. Additional lower refs to keep an eye on, should the market decide to go for another downside probe, are located at 1.0625 & 1.0575.”
This content has been provided under specific arrangement with eFXnews.