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5 Aug 2014
SEB: EUR/USD could still recheck the high 1.34s - eFXnews
FXStreet (Łódź) - The eFXnews team remark that SEB points to the Eurozone Markit PMI as well as the US ISM Non-Manufacturing data as Tuesday's highlights and until they are released the bank sees activities restrained by intraday stretches at 1.3375 and 1.3465.
Key quotes
"Otherwise, the stage looks unchanged from yesterday with Fri's bullish candle dominating the near-term picture, holding a 1.3477/13508 recheck possible."
"Support remains at Fri's mid-body point, 1.3409."
"A move back below 1.3378 would hint of a completed correction higher."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"Otherwise, the stage looks unchanged from yesterday with Fri's bullish candle dominating the near-term picture, holding a 1.3477/13508 recheck possible."
"Support remains at Fri's mid-body point, 1.3409."
"A move back below 1.3378 would hint of a completed correction higher."
'This content has been provided under specific arrangement with eFXnews.'