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25 Jul 2014
SEB: EUR/USD still ripe for a correction higher - eFXnews
FXStreet (Łódź) - The eFXnews team note that the SEB expects a correction higher in EUR/USD, with a first-hand target at 1.3491/513.
Key quotes
“A Jul1-24 bearish wave sequence may be completed (seen best with hourly observations).”
“This together with yesterday's candle argues for a correction higher with a first-hand target at 1.3491/513.”
“Over 1.3550 would create a deeper and a more lasting correction, but more is needed to put detention on the lower to next bigger objective closer to the 1.33-mark on the back burner.”
“Current intraday stretches are located at 1.3420 & 1.3515.”
Key quotes
“A Jul1-24 bearish wave sequence may be completed (seen best with hourly observations).”
“This together with yesterday's candle argues for a correction higher with a first-hand target at 1.3491/513.”
“Over 1.3550 would create a deeper and a more lasting correction, but more is needed to put detention on the lower to next bigger objective closer to the 1.33-mark on the back burner.”
“Current intraday stretches are located at 1.3420 & 1.3515.”