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26 Jan 2015
SEB: EUR/USD testing a long-term 'Equality point' - eFXnews
FXStreet (Barcelona) - The eFXnews team shares SEB’s intraday outlook for the EUR/USD pair.
Key Quotes
“The correctional rally will likely be sold. The Greek election kicked the euro into a marginally fresh low where a long-term (2011-2014) 'Equality point' likely inspired some buying - no wonder with short-term conditions are stretched as they currently are. But it's less likely that this is enough to scale down further expanded spec shorts (IMM). The near-term rebound faces daily & weekly mid-body points at 1.1285 & 1.1370.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The correctional rally will likely be sold. The Greek election kicked the euro into a marginally fresh low where a long-term (2011-2014) 'Equality point' likely inspired some buying - no wonder with short-term conditions are stretched as they currently are. But it's less likely that this is enough to scale down further expanded spec shorts (IMM). The near-term rebound faces daily & weekly mid-body points at 1.1285 & 1.1370.”
This content has been provided under specific arrangement with eFXnews.