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Trader, analyst and instructor with a 6-year experience

SEB: bearish on EUR and GBP

According to SEB strategists, the yesterday's bearish signs in EUR/USD led to nothing more than a temporary setback to $1.3166, paving the way for another correctional high. Hourly divergences and an overbought daily chart are still making them reluctant to sell at the current levels with a stop above the June high 0f $1.3415.

As for GBP/USD, strategists also see the downside increasingly likely for the coming days following the yesterday's up-thrust peak at $1.5430 with a bearish divergence attached. 

EUR
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