7 May 2015
SEB: USD Index might see buyers around 93.80-93.25 - eFXnews
FXStreet (Barcelona) - According to SEB, the USD Index is revisiting the broken 1985 trend line and will likely meet buyers around 93.80-93.25 levels, as noted by eFXnews.
Key Quotes
“The greenback has now retraced back to a primary target area, the earlier broken 1985 trend line and the former wave four triangle apex/low area. So our best guesstimate is that buyers will be returning in the 93.80 – 93.25 area and that a spike, a false break below the long term trend line probably will be enough to spark some bargain hunting.”
This content has been provided under specific arrangement with eFXnews
Key Quotes
“The greenback has now retraced back to a primary target area, the earlier broken 1985 trend line and the former wave four triangle apex/low area. So our best guesstimate is that buyers will be returning in the 93.80 – 93.25 area and that a spike, a false break below the long term trend line probably will be enough to spark some bargain hunting.”
This content has been provided under specific arrangement with eFXnews