EUR/USD: Scotiabank remains neutral as long as pair is in 1.11-1.13 range

Scotiabank remains neutral on the EUR/USD as long as it's in the 1.11-1.13 range.

"The EUR/USD remains calm, consolidating around 1.1150. The pair still has to break the range 1.11-1.13.

The momentum signals are neutral, the DMI is flat and the ADX bulge weakens. We note the bearish crossing of the 9 and 21-day moving averages, however, we remain neutral in the absence of a break below 1.11 or above 1.13"