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SEB: EUR/USD fell down to a fresh trend low - eFXnews

FXStreet (Łódź) - The eFXnews team note that the SEB observes EUR/USD's decline to a fresh trend low on Monday.

Key quotes

"Following the recheck and validation of the neckline break the market continued its descent down to a fresh trend low hence fulfilling an absolute minimum target for the move, a new low."

"Looking forward more likely targets for the current wave 5 should be sought at 1.2398, 1.2326 or 1.2220."

"To maintain a healthy downside momentum it is rather important that a rebound ends below 1.2614."

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

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