13 Feb 2015
SEB: EUR/GBP unable to break below the 2010 channel floor – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for EUR/GBP, with SEB predicting the pair to move higher towards 0.75 levels if it fails to break the 2010 channel floor.
Key Quotes
“Since the arrival at the 2010 channel floor late January the market has repeatedly been trying to push below the line however so far without success (both Wed and Thu short lived attempts were seen below the line).”
“If not being able to push lower the market will soon begin covering shorts hence lifting prices back at least to the high 0.75’s.”
“A close today above 0.7448 will create a bullish engulfing candle calling for next week to begin on a bullish footing.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Since the arrival at the 2010 channel floor late January the market has repeatedly been trying to push below the line however so far without success (both Wed and Thu short lived attempts were seen below the line).”
“If not being able to push lower the market will soon begin covering shorts hence lifting prices back at least to the high 0.75’s.”
“A close today above 0.7448 will create a bullish engulfing candle calling for next week to begin on a bullish footing.”
This content has been provided under specific arrangement with eFXnews.