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SEB: EUR/USD 1 st net up day in eight days - eFXnews

FXStreet (Łódź) - The eFXnews team remark that SEB suggests EUR/USD corrective movement is gaining credibility.

Key quotes

"The correction case gained some more credibility yesterday with 1) a second day with a higher low 2) the first net up day in eight trading days and 3) the fact that the market has remained bid post ECB."

"All in all it seems like the tide slowly is turning in favor of the overdue upside reaction."

"To maintain the correction view we should not see the pair sliding back below 1.2614 and can’t fall beneath 1.2583."

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