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Skandinaviska Enskilda Banken (SEB) made a forecast related to EUR/USD with the stated that the pairs will be in more ups and downs: the price will break 1.05 and 1.04 support level before go up to 1.0830. It means the following: the price will be in ranging market condition with the following steps:
- price will continuing in the primary bearish condition for breaking 1.05/1.04 levels' area, and after that
- the price will start local uptrend as the bear market rally within the primary bearish condition with 1.0830 as the target.
The Strategy: watch the price to go to be near 1.0461 level to open buy trade.