23 Jul 2014
EUR/USD: Bearishly into a fresh yearly low - eFXnews
FXStreet (Łódź) - The eFXnews team comment on SEB's view that the EUR/USD yearly low has been crushed on Tuesday in a distinct way.
Key quotes
"Only the intraday stretch prevented a deeper fall into the next short-term objective at a short-term 161.8% Fibo projection ref at 1.3449."
"This move tilts the 3mt outlook into negative - something volatility traders take a note of too."
"Pushing the 1mt risk-reversal increasingly favoring puts over calls and the implied volatility higher."
"1.3491/03 is a first-hand resistance while the current intraday stretches are located at 1.3425 & 1.3525."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"Only the intraday stretch prevented a deeper fall into the next short-term objective at a short-term 161.8% Fibo projection ref at 1.3449."
"This move tilts the 3mt outlook into negative - something volatility traders take a note of too."
"Pushing the 1mt risk-reversal increasingly favoring puts over calls and the implied volatility higher."
"1.3491/03 is a first-hand resistance while the current intraday stretches are located at 1.3425 & 1.3525."
'This content has been provided under specific arrangement with eFXnews.'