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Aug 20, 2014
SEB: Next level to be tested by EUR/USD is near 1.3295 - eFXnews
FXStreet (Łódź) - The eFXnews team point out that SEB believes the EUR/USD November low of 1.3295 could be tested next.
Key quotes
"The 21day regression line seems to have a high significance and its 2 std dev band allows for a test of the 'Triangle' breakout objective at 1.3240 without causing a short-term stretch."
"But first up is a Nov '13 low at 1.3295 which is catching the eye and deserves some attention."
"Prior support at 1.3333 now represents initial resistance."
"The current intraday stretches are located at 1.3285 & 1.3370."
"Jackson Hole & Fed minutes are event risk for today."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"The 21day regression line seems to have a high significance and its 2 std dev band allows for a test of the 'Triangle' breakout objective at 1.3240 without causing a short-term stretch."
"But first up is a Nov '13 low at 1.3295 which is catching the eye and deserves some attention."
"Prior support at 1.3333 now represents initial resistance."
"The current intraday stretches are located at 1.3285 & 1.3370."
"Jackson Hole & Fed minutes are event risk for today."
'This content has been provided under specific arrangement with eFXnews.'