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SEB: EUR/USD respecting resistance or not? - eFXnews

FXStreet (Łódź) - The eFXnews team remark that SEB observed EUR/USD sellers at local 1.2980/90 resistance on Monday.

Key quotes

"A level that needs to be broken to call for a 'V-shaped low' in place and reason to lift attention towards 1.3047 first and secondly to the 1.3110/76-area."

"A sustained move below 1.2908 would on the other hand question this and argues for focus back on the recent 1.2859 low."

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