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2 Jan 2015
SEB: EUR/GBP 2012 low at 0.7756 taken out – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s view that any near term upward bounce will be a selling opportunity for the EUR/GBP pair after having broken below the 2012 low of 0.7756.
Key Quotes
“The 2012 low of 0.7756 taken out. The downmove is getting legs, with both the Sep '14 & Jul '12 low bearishly taken out. A short-term stretch (<0.7730) may tamper the downmove, but with a bit of patience, the 0.7694/73-area could be targeted. A near-term correctional 0.7791/99 retest would be a selling opportunity to consider should it materialize. Current intraday stretches are located at 0.7735 & 0.7805.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The 2012 low of 0.7756 taken out. The downmove is getting legs, with both the Sep '14 & Jul '12 low bearishly taken out. A short-term stretch (<0.7730) may tamper the downmove, but with a bit of patience, the 0.7694/73-area could be targeted. A near-term correctional 0.7791/99 retest would be a selling opportunity to consider should it materialize. Current intraday stretches are located at 0.7735 & 0.7805.”
This content has been provided under specific arrangement with eFXnews.