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#1 01-11-2017 17:13:31
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EUR/USD: the medium-term trend points to a decline (Scotiabank)
EUR/USD: the medium-term trend points to a decline (Scotiabank)
Scotiabank states that the EUR/USD remains on a decline.
"The EUR/USD has shown signs of stabilisation with a modest recovery since Friday's lows.
Congestion has centered around 1.1650, just below the 100-day moving average at 1.1692.
The medium-term trend remains bearish with a sequence of lower lows and lower tops since the September peak. Momentum indicators have confirmed this."
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Pages: 1
- Index
- » Analyses / Forecasts (by major banks and brokers)
- » EUR/USD: the medium-term trend points to a decline (Scotiabank)