EUR seen lower to test 1.3380 - Scotiabank

By FXstreet.com | July 23, 2014 AAA

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank said that the EUR is weak.



Key Quotes



“Below its recent range and the February lows. Downside pressure has also built on EUR crosses, with EUR/JPY, EUR/GBP, EUR/CAD and EUR/AUD all having dropped to fresh lows in the last 24hours."



"Building on yesterday’s comment, we see this build as suggesting there is on going downside pressure on EUR, which is likely to pull it lower still”.



“We look for a near-term test of 1.3380."



comments powered by Disqus
Related Forex Analysis
  1. EUR/USD sitting just above 1.2950 support
    Forex News

    EUR/USD sitting just above 1.2950 support

  2. Yen Gains, Aussie Dollar Falls on Soft Chinese Economic Data
    Forex News

    Yen Gains, Aussie Dollar Falls on Soft Chinese Economic Data

  3. USD/JPY drifting lower, but still well above 107.00
    Forex News

    USD/JPY drifting lower, but still well above 107.00

  4. Crude Oil Prices Aiming to Extend Lower, SPX 500 May Be Topping
    Forex News

    Crude Oil Prices Aiming to Extend Lower, SPX 500 May Be Topping

  5. USD/JPY Technical Analysis: Prices Set New Six-Year High
    Forex News

    USD/JPY Technical Analysis: Prices Set New Six-Year High

Trading Center