4 Nov 2014
SEB: EUR/USD short-term bullish candle setup - eFXnews
FXStreet (Łódź) - The eFXnews team remark that SEB sees a bullish candle setup forming in EUR/USD, as teh market is correcting short-term stretch.
Key quotes
"A session close above the average 5day high (to trigger additional but-stops) is however less likely given though strong resistance at 1.2605/14."
"Back below 1.2471 would cancel this and turn the near-term outlook bearish again."
"Current intraday stretches are located at 1.2440 & 1.2565."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"A session close above the average 5day high (to trigger additional but-stops) is however less likely given though strong resistance at 1.2605/14."
"Back below 1.2471 would cancel this and turn the near-term outlook bearish again."
"Current intraday stretches are located at 1.2440 & 1.2565."
'This content has been provided under specific arrangement with eFXnews.'