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30 Jun 2015
SEB: EUR/GBP sees a bottom – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB, believes that EUR/GBP might have seen a bottom after yesterdays below 0.70 dip, and some upside attempts might be seen, as noted by eFXnews.
Key Quotes
“There's clearly a risk after yesterday's price action that there's a prematurely ended decline (following the bear triangle exit). As pointed out yesterday the minimum target for the move, a move below 0.7015, has been fulfilled (even though the ideal target is found a lot lower) so with a bullish key day reversal yesterday a bottom might have been put in place (a bullish MACD divergence will also enhance upside attempts).”
This forecast has been provided under specific arrangement with eFXnews.
Key Quotes
“There's clearly a risk after yesterday's price action that there's a prematurely ended decline (following the bear triangle exit). As pointed out yesterday the minimum target for the move, a move below 0.7015, has been fulfilled (even though the ideal target is found a lot lower) so with a bullish key day reversal yesterday a bottom might have been put in place (a bullish MACD divergence will also enhance upside attempts).”
This forecast has been provided under specific arrangement with eFXnews.