Analysts at Scotiabank argue that EU/RUSD short-term technicals are neutral/bearish as we move into the FOMC, however, are feeling that broader risks are tilting towards a rebound to 1.17/1.18 Key Quotes: “EUR/USD has drifted steadily lower from yesterday’s intraday peak near 1.15 and short-term trends look soft on the session so far, suggesting some risk of an extension towards the mid/upper 1.13s.” “We still rather think the EUR set an important low at 1.13 last week, however, and feel that broader risks are tilting towards a rebound to 1.17/1.18.” “Trend signals are bearish on the intraday studies but flat more broadly, suggesting a range-trade environment is likely to persist.” 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 Canadian Housing Starts: A mixed report – NBF FX Street 4 years Analysts at Scotiabank argue that EU/RUSD short-term technicals are neutral/bearish as we move into the FOMC, however, are feeling that broader risks are tilting towards a rebound to 1.17/1.18 Key Quotes: "EUR/USD has drifted steadily lower from yesterday's intraday peak near 1.15 and short-term trends look soft on the session so far, suggesting some risk of an extension towards the mid/upper 1.13s." "We still rather think the EUR set an important low at 1.13 last week, however, and feel that broader risks are tilting towards a rebound to 1.17/1.18." "Trend signals are bearish on the intraday studies but flat more… 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.
