EURUSD: Given that we don’t now the outcome of today’s ECBmeeting we have to act on what Mr. Market is telling us. Thepast week has created a minor triangle sitting at the 55d maand as such it is expected to give way to a new round ofselling. The triangle’s theoretical target is 1.3523 (minimumis to pass 1.3586). But as highs/lows after a triangle has atendency of being reversed we suspect that an upwardattempt to at least 1.3650 will follow.
Read the full report: Technical Alert
SEB