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16 Oct 2014
SEB: EUR/USD resistance noted at 'Equality point' - eFXnews
FXStreet (Łódź) - The eFXnews team note that the SEB comment on the EUR/USD jump on poor US economic data has been stopped at a short-term 'Equality point.'
Key quotes
"(It is) another 161.8% Fibo projection ref and the Sep mid-body point."
"Too early to say that the correction has run its course, but for this 1.2747 and more importantly 1.2604 have to be lost again."
"An alternative correction high could be a mid-Sep reaction high, a short-term 127.2% Fibo detention ref and the high end of the 55day exponentially weighted moving average band at 1.2975/3010. Current intraday stretches are located at 1.2120 & 1.2845."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"(It is) another 161.8% Fibo projection ref and the Sep mid-body point."
"Too early to say that the correction has run its course, but for this 1.2747 and more importantly 1.2604 have to be lost again."
"An alternative correction high could be a mid-Sep reaction high, a short-term 127.2% Fibo detention ref and the high end of the 55day exponentially weighted moving average band at 1.2975/3010. Current intraday stretches are located at 1.2120 & 1.2845."
'This content has been provided under specific arrangement with eFXnews.'