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SEB: EUR/USD downside spikes points higher - eFXnews

FXStreet (Łódź) - The eFXnews team remark that the SEB observes EUR/USD downside spikes pointing higher which might be due to short covering ahead of the ECB monetary policy meeting.

Key quotes

"Or (maybe it's because) the market is changing its behavior from selling the bounce to buying the dip."

"If the latter is true we are definitely moving in the direction of a more profound upside reaction (something that divergences in momentum indicators has suggested for quite some time now)."

"A first milestone on Correction road will be to break the pattern of falling tops i.e. breaking above 1.2715."

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

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