17 Jun 2014
EUR/USD remaining with a downside bias- Scotiabank
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."
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."