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SEB: EUR/USD in the middle of the support zone - eFXnews

FXStreet (Łódź) - The eFXnews team comment that the SEB points out that after the EUR/USD crossed the 1.3295 level it continued it descent.

Key quotes

"The pair soon arrived at 1.3250, the 38.2% Fibo support of the entire 2012/14 advance and the theoretical target for the triangle."

"As triangles normally are occurring very late in trending moves the risk of a reversal following a triangle breakout is high so we think it is time to start looking for correctional signs from 1.3250 and downwards."

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

What lies ahead of the EUR/USD today? – Commerzbank and UOB Group

The EUR/USD seems to have found decent support around 1.3240 on Thursday against the ongoing backdrop of USD strength. ..
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