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11 Dec 2014
SEB: EUR/USD makes a serious resistance breakout attempt – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB sees the possibility of EUR/USD being traded at +1.2532 levels as the pair makes a serious attempt to break higher.
Key Quotes
“Well hello 'Cloud', long time - no see...Well, we're not there yet, but now it's a possibility to see +1.2532 also being traded. Upside attempts have failed before, that is true, but as long as not bearishly closing back below the recently broken Fibo-adjusted (21day) 'Kijun-Sen' (1.2425), there is a near-term bullish picture coming clear. And if not stopping at 1.2532, extension towards 1.26 seems possible too. Back below 1.2362/43 is NOT wanted to stay near-term bullish. Current intraday stretches are located at 1.2370 & 1.2495.”
Key Quotes
“Well hello 'Cloud', long time - no see...Well, we're not there yet, but now it's a possibility to see +1.2532 also being traded. Upside attempts have failed before, that is true, but as long as not bearishly closing back below the recently broken Fibo-adjusted (21day) 'Kijun-Sen' (1.2425), there is a near-term bullish picture coming clear. And if not stopping at 1.2532, extension towards 1.26 seems possible too. Back below 1.2362/43 is NOT wanted to stay near-term bullish. Current intraday stretches are located at 1.2370 & 1.2495.”