16 Jan 2015
SEB: EUR/USD might see a bounce towards 1.1710 – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s view that the EUR/USD pair might bounce towards 1.1710 levels in the coming 1-3 days.
Key Quotes
“EUR/USD: Broke decisively lower. The second attempt (with a little help from SNB) lower became successful with the pair, after some intraday swings, settling down at 1.1631. The close below the 1.1640 key support warns of more losses once yesterday’s move has been digested. A mid body reaction normally occurs during the following one to three days after a falling benchmark so look for a possible bounce to 1.1710.”
Key Quotes
“EUR/USD: Broke decisively lower. The second attempt (with a little help from SNB) lower became successful with the pair, after some intraday swings, settling down at 1.1631. The close below the 1.1640 key support warns of more losses once yesterday’s move has been digested. A mid body reaction normally occurs during the following one to three days after a falling benchmark so look for a possible bounce to 1.1710.”