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#1 20-06-2018 09:03:45

Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2394

EUR/USD: the orientation bias remains to the downside in short term

EUR/USD: the pair's orientation bias remains to the downside in the short term (Scotiabank)

Scotiabank's outlook for the EUR/USD remains neutral/bearish in the short term.

"Momentum indicators are bearish, but modestly.

Short-term support is limited, prior to the end-of-May low at 1.1510, and we highlight the importance of the 50% retracement of the January 2017 rally, just below 1.1450.

Short-term resistance is expected to lie between 1.1620 and 1.1650.

"Anything worth having is worth going for - all the way." - J.R. Ewing



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