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SEB: EUR/USD testing supports at 1.2363/29 - eFXnews

FXStreet (Łódź) - The eFXnews team remark that SEB believes that the current drop in EUR/USD shouldn't continue throughout the session.

Key quotes

"Lower again after Draghi, but for the session ahead we don't think it's a bottomless pit, with stretched conditions already at the opening and with Fibo, trendline & range-breakout supports & targets nearby at 1.2363/1.2329."

"But should these refs be lost on a low session/weekly close and/or on a NFP dollar rally, the low-1.22s must be considered as a new target."

"Mid-body resistance is located at 1.2430/48 and the current intraday stretches are located at 1.2350 & 1.2475."

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