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”.



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