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SEB: Still a persisting EUR/USD bull divergence - eFXnews

FXStreet (Łódź) - The eFXnews team remark that SEB sees the EUR/USD bull divergence continuing.

Key quotes

"The drop below 1.2834 became exactly the kind of low conviction move that one expects to see very late in a trending move."

"The total absence of follow through selling together with the still persisting bull divergence still makes a case for a completed down sequence hence an even greater correction risk than before."

"Above 1.2889, Friday’s mid body point, will add credibility to an emerging correction and above 1.2929 it will be confirmed."

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

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