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EUR/USD’s outlook remains neutral/bearish near-term – Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In the view of Eric Theoret, FX Strategist at Scotiabank, the pair’s perspective remains neutral-bearish in the short-term horizon.

    Key Quotes

    “Daily signals are neutral and the ADX has a trend-less sub-25 reading of 20”.

    “We maintain a bearish bias, looking to a break of the 200 day MA (1.1042) with an anticipated decline toward last Thursday’s low around 1.0820”.

    “Resistance is expected at 1.1120 and 1.1150”
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