In view of FX Strategists at Scotiabank, the pair’s prospects in the near term appear tilted to the upside. Key Quotes “EURUSD’s rejection of the low 1.15 area looks a fair bit more compelling from a technical point of view this morning as spot moves through short-term trend resistance and tests (weak) bear trend off the 1.24 area around 1.1690″. “The EUR still has some work to do and we see a cluster of minor technical points between the 1.1720/45 area that may constitute a belt of price “congestion” to hamper EUR gains in the near-term”. “However, the EUR sell-off is very stretched and prone to a modest rebound at least from here. Above 1.1750 is technically positive. We see support intraday at 1.1645/50 now”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY neutral, points to 107.90 – UOB FX Street 5 years In view of FX Strategists at Scotiabank, the pair's prospects in the near term appear tilted to the upside. Key Quotes "EURUSD's rejection of the low 1.15 area looks a fair bit more compelling from a technical point of view this morning as spot moves through short-term trend resistance and tests (weak) bear trend off the 1.24 area around 1.1690". "The EUR still has some work to do and we see a cluster of minor technical points between the 1.1720/45 area that may constitute a belt of price "congestion" to hamper EUR gains in the near-term". "However, the EUR sell-off… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
