SEB: EUR/USD failed to take out 1.2765 - eFXnews

FXStreet (Łódź) - The eFXnews team remark that the SEB comments on EUR/USD's failed upside correction attempt, as selling started before reaching the buy signal level of 1.2765.

Key quotes

"Prices have thereafter resumed its descent hitting a fresh trend low close to the low end of the 1.2661/1.2740/1.2755 support zone."

"Still persisting bull divergences however continues to warn of an overextended decline and a long overdue upward reaction."

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