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."



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