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SEB: EUR/USD range breakout target soon reached - eFXnews

FXStreet (Łódź) - The eFXnews team comment that the SEB believes that a EUR/USD near-term 'Triangle' breakout target at 1.2864 will be filled soon.

Key quotes

"The long-term key 1.2740 ref is drawing closer as dollar strength gets cranks up another notch."

"But for today, players should be aware of the intraday stretch currently located at 1.2850 (and at 1.2940 above)."

'This content has been provided under specific arrangement with eFXnews.'

Gold consolidates near 3-month lows

Gold consolidated near 3-month lows Tuesday following sharp losses the previous day amid broad dollar strength.
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German FinMin stresses need for continued stability policies in Germany

Speaking before the German Parliament today Finance Minister Wolfgang Schaeuble admitted that the economic situation in the country has "clouded over" recently and stressed the need for carrying on with stability policies, as they proved to be the best foundation for growth.
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