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SEB: The euro remains on a slippery slope - eFXnews

FXStreet (Łódź) - The eFXnews team remark that SEB points to the continued drop in the EUR/USD, even though not much price action was seen on Monday.

Key quotes

"The next hard ref to look out for below comes with a reaction low of 1.3104 printed this week a year ago."

"Short-term conditions are not stretched as per the deviation from a 21day exponential moving average, or 'monthly average' and this allows for extension towards 1.3065 without exaggerating the move."

'This content has been provided under specific arrangement with eFXnews.'

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