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SEB: EUR/USD upside might cap at 1.1395 – eFXnews

FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for EUR/USD, expecting 1.1395 to cap the pair’s upside.

Key Quotes

“Yesterday’s price action indicates that the upward reaction fell short of its ideal target, the equality point between wave a and c, 1.1588.”

“Even though the setup looks promising we must break below the b-wave, 1.1262, low in order to confirm new trend lows.”

“Upside attempts should be capped around 1.1395 and should, if occurring, be used selling into.”

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EUR/CHF regains 1.0500

The Swiss franc is now shedding some of its recent advance vs. its European peer, pushing EUR/CHF back above the 1.0500 handle...
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