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

    GBP/USD Risks Near-Term Breakout on Strong 2Q U.K. GDP Report

  2. Forex News

    USD/JPY swings back higher to 123.50

  3. Forex News

    Risk Aversion Builds Pace, Pound Faces Volatility on UK GDP Data

  4. Forex News

    USD/JPY: Bears regain control, 123 on sight

  5. Forex News

    USD/JPY: Bulls offered support near 123.30

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!