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SEB: It still looks like a bear flag in EUR/USD - eFXnews

FXStreet (Łódź) - The eFXnews team remark that the SEB sees the recent rise in EUR/USD as just a correction to the earlier decline.

Key quotes

"Even though our call yesterday for a potentially completed upward correction was proven wrong we continue to see the climb as merely a correction to the preceding descent."

"Resistance above 1.2740 should be firming so we doubt to find strength enough to stray away too far from that area."

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

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