EUR/USD remaining with a downside bias- Scotiabank

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained that EUR/USD has a downside bias— Expect week’s range to fall within 1.3477 and 1.3602.



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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