EUR/USD biased lower - Scotiabank

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - According to Camilla Sutton, analyst at Scotiabank, the EUR/USD is biased lower and expects this week’s range to fall within 1.3477 and 1.3602 (the February 3rd low to last Monday’s high).

Key Quotes



“After trading briefly to a one week high, EUR is soft entering the NA session, as the ZEW (investor sentiment) outlook component dropped unexpectedly to a one year low”.



“EUR/USD short‐term technicals: mixed—technicals are mixed with most signals warning of a
range bound environment”.



“Support lies at yesterday’s low of 1.3513, while resistance lies at the high from June 10th of 1.3602”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: Expect Heavy Seas Between NFPs, ECB and RBA

  2. Forex News

    Trading Video: Expect Volatility for the Dollar, Equities, Euro...Everything

  3. Forex News

    FX CFTC report - TDS

  4. Forex News

    CFTC Commitment of Traders Report - TDS

  5. Forex News

    2,800 pips later, EUR/USD trades below 1.1200; bias continues bearish

Trading Center