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SEB: EUR/USD conditions remain notably stretched - eFXnews

FXStreet (Łódź) - The eFXnews team comment that SEB observed the addition of a potentially bullish EUR/USD candle on Monday.

Key quotes

"Short-term conditions remains strained and a correction higher is well needed."

"If eroding local resistance at 1.2715/25, extension towards 1.2756/65 is the minimum move to look for."

"Ditch this on return below 1.2678, because it would argues for a fresh low (<1.2664) in the making."

"Current intraday stretches are located at 1.2630 & 1.2750."

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