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16 Dec 2014
SEB: EUR/USD bullish triangle? - eFXnews
FXStreet (Barcelona) - The eFXnews Team notes that SEB feels that EUR/USD may target 1.2603 levels if it successfully breaks the resistance in the 1.1280-96 region.
Key Quotes
“Resistance is obvious in the 1.2480-96 zone, but the contracting range was entered from below and should (best fit) be exited higher. A range breakout would ideally target 1.2603 - coinciding with short-term refs there. A hurdle on the way is an intermediate peak at 1.2532 and the intraday stretch (now at 1.2507). First-hand support at 1.2413.”
This content has been provided under specific arrangement with eFXnews
Key Quotes
“Resistance is obvious in the 1.2480-96 zone, but the contracting range was entered from below and should (best fit) be exited higher. A range breakout would ideally target 1.2603 - coinciding with short-term refs there. A hurdle on the way is an intermediate peak at 1.2532 and the intraday stretch (now at 1.2507). First-hand support at 1.2413.”
This content has been provided under specific arrangement with eFXnews