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2 Jan 2015
SEB: Sellers retain the upper hand in euro trade – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB believes that sellers retain the upper hand in the euro trade, and suggests to restart selling once the intraday stretch for the EUR/USD pair is gone.
Key Quotes
“Looks like a sell when not stretched. Sellers retain the upper hand and it still looks like a sell once the intraday stretch is gone. Conditions would become near-term naturalized on a pullback towards 1.2100/10, and if getting this and some intraday hints of offers there shorts should look alright. Current intraday stretches are located at 1.2035 & 1.2160.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Looks like a sell when not stretched. Sellers retain the upper hand and it still looks like a sell once the intraday stretch is gone. Conditions would become near-term naturalized on a pullback towards 1.2100/10, and if getting this and some intraday hints of offers there shorts should look alright. Current intraday stretches are located at 1.2035 & 1.2160.”
This content has been provided under specific arrangement with eFXnews.