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11 Aug 2014
SEB: EUR/GBP impulsively higher - eFXnews
FXStreet (Łódź) - The eFXnews team observe that according to SEB EUR/GBP's strengthening on Friday resulted in the formation of a bullish daily as well as a weekly candle.
Key quotes
"There is however quite a lot of resistance in a 0.7997/0.8007/0.8028 range but also the potential for a rather bullish medium term message should those be cleared."
"With the € index on the verge of exiting a falling wedge there’s probably a more general € reaction higher underway."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"There is however quite a lot of resistance in a 0.7997/0.8007/0.8028 range but also the potential for a rather bullish medium term message should those be cleared."
"With the € index on the verge of exiting a falling wedge there’s probably a more general € reaction higher underway."
'This content has been provided under specific arrangement with eFXnews.'