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12 Mar 2015
SEB: EUR/USD eyeing next the 1985 support line at 1.0290 – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for EUR/USD, noting that the pair now see’s scope for a move lower towards 1.0290 area.
Key Quotes
“As the pair yesterday fell below the negatively sloped trend line from 2008 (1.0630) there’s scope for the pair to extend the losses also down to the 1985 support line (1.0290-ish).”
“The stretch measured as the difference between the spot price and the 233d ma is now the third biggest since 1975.”
“Short term the pressure is perhaps easing some with the latest hourly break lower (1.0511) so far not leading to any substantial drop.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“As the pair yesterday fell below the negatively sloped trend line from 2008 (1.0630) there’s scope for the pair to extend the losses also down to the 1985 support line (1.0290-ish).”
“The stretch measured as the difference between the spot price and the 233d ma is now the third biggest since 1975.”
“Short term the pressure is perhaps easing some with the latest hourly break lower (1.0511) so far not leading to any substantial drop.”
This content has been provided under specific arrangement with eFXnews.