EUR/USD technically bearish ahead of ECB - Scotiabank

By FXstreet.com | August 28, 2014 AAA

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explains that the market, in relation to the euro, looks to geopolitical developments and speculation over how the ECB will address falling inflation expectations.



Key Quotes



"EUR/USD short‐term technicals: bearish—two days of stabilization has done little to shift the bearish technical outlook”.



“All signals still warn of downside risk and momentum is strong. Support lies at the recent low of 1.3153; while resistance is at 1.3242—the August 22nd close."



comments powered by Disqus
Related Forex Analysis
  1. Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric
    Forex News

    Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric

  2. US Dollar Pullback May Be Ahead, SPX 500 Slips Below 2000 Again
    Forex News

    US Dollar Pullback May Be Ahead, SPX 500 Slips Below 2000 Again

  3. US Dollar Technical Analysis: Bullish Momentum Fading?
    Forex News

    US Dollar Technical Analysis: Bullish Momentum Fading?

  4. Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations
    Forex News

    Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations

  5. EUR/USD stuck at 1.2850, new triggers are wanted
    Forex News

    EUR/USD stuck at 1.2850, new triggers are wanted

Trading Center