You are not logged in.

#1 24-09-2018 08:37:01

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2322
Website

EUR/USD: the euro remains supported on the forex (Scotiabank)

EUR/USD: the euro remains supported on the forex (Scotiabank)


http://www.forex-central.net/forum/userimages/Logo-Scotiabank.jpg


Scotiabank believes that the EUR/USD remains bullish in the short term.

"The EUR/USD drop since 1.18 leaves the short-term technical setup slightly weak, broadly speaking.

The EUR/USD has however closed solidly above the key resistance at 1.1725, and the weekly chart remains positive for the pair, so we expect support for the EUR/USD on modest declines towards the mid/low 1.17 zone.

A significant return below 1.17 would cancel the momentum that had developed last week.
"


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

Offline

 

Board footer