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."



You May Also Like

Related Forex Analysis
  1. Forex News

    EUR/USD bounces off 1.2250; back to 1.2270

  2. Forex News

    EUR is up off its lows, focus still on ECB QE – Scotiabank

  3. Forex News

    Price & Time: Focus Turns to Key Long-Term Retracement in EUR/USD

  4. Forex News

    Sell EUR/USD again on upticks – Growth Aces

  5. Forex News

    EUR on the ropes - TDS

Trading Center