SEB: EUR/USD final dip lower? - eFXnews

FXStreet (Łódź) - The eFXnews team remark that in the opinion of SEB a new trend lower is about to be established, as they see a bear triangle forming.

Key quotes

"Such a move will however probably be a Pyrrhus victory given that a triangle normally is the last congestion in a trending phase and that after a new low/high a turnaround will be made."

"There’s also the bull divergence still in place ready to underpin any attempt higher."

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