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Currency Analyst since 2010

EUR/USD: some correction’s possible (SEB)

Technical analysts at SEB bank point out that EUR/USD keeps falling, but as the pair closed yesterday above $1.2850s, it seems that there are “clusters of buyers”. In their view, there may be a short/shallow correction/consolidation in the coming sessions before the downtrend resumes.

According to SEB, the caps for the correction up are at $1.2935/43, $1.3019/33 and $1.3195. Euro needs to get above there to start seeing some upside potential again.

 

Chart. H4 EUR/USD

EUR
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