FXStreet (Edinburgh) - In the view of Eric Theoret, Currency Strategist at Scotiabank, the pair could visit the 1.1100 neighbourhood in the short term. Key Quotes “EUR appears to be approaching the resolution of a months-long triangular consolidation, leaving it vulnerable to violent movement in the event of a breakout”. “We note that medium term moving averages have provided for considerable support, with the 50/100/200 day MA’s clustered between 1.1143 and 1.1186”. “We look to the potential for a near term test of 1.1100 with medium term risk biased toward a decline to the July lows near 1.0800”. For more information, read our latest forex news.