EUR seen lower to test 1.3380 - Scotiabank

By FXstreet.com | Updated July 30, 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."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    BoJ to maintain bullish stance - GS

  2. Forex News

    USD: Bulls dropping away as current quarter raising concerns - BTMU

  3. Forex News

    EUR/GBP: Plenty of risk ahead in FOMC

  4. Forex News

    GBP/USD bid on rate differentials and headed to key resistances

  5. Forex News

    USD/JPY Continues to Carve Lower-Highs Despite Japan Ratings Cut

Trading Center