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4 May 2015
SEB: USD Index sees upside risks – eFXnews
FXStreet (Barcelona) - According to SEB, the USD Index has met all the corrective targets, and risks are now titled to the upside, as noted by eFXnews.
Key Quotes
“The buy response from within the prior triangle area fits well with a downside correction being in its latter stages (and a possible completed double zigzag correction).”
“In the hourly chart a minor inverse head and shoulders bottom seems to be under construction (breaking above 95.40 will be the trigger) so all in all risks seems to be skewed to the topside for the coming day(s).”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The buy response from within the prior triangle area fits well with a downside correction being in its latter stages (and a possible completed double zigzag correction).”
“In the hourly chart a minor inverse head and shoulders bottom seems to be under construction (breaking above 95.40 will be the trigger) so all in all risks seems to be skewed to the topside for the coming day(s).”
This content has been provided under specific arrangement with eFXnews.