1. Hello Guest Click here to check FX Binary Point Financial Directory

EUR/USD short-term technicals remain bearish - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - Shaun Osborne, Chief FX Strategist, notes that EUR/USD short-term technicals remain bearish.

    Key Quotes

    “EUR/USD is reversing some of last week’s rebound from the 1.09 area and looks heavy on the intraday charts”.

    “Loss of support in the low 1.10 area in Europe suggests downside risks are building again as momentum favours weakness across a range of timeframes”.

    “Look to fade EUR gains to the 1.10 level near-term”.
    For more information, read our latest forex news.

Share This Page