In view of FX Strategists at Scotiabank, the near term outlook on EUR/USD remains neutral with expected support in the mi/upper-1.1600s. Key Quotes “Yield spreads remain bearish however measures of sentiment appear to be offering considerable support as risk reversals soften from the extended (bearish) levels observed in May, June, and mid-July”. “Bearish momentum indicators have softened to neutral however the trend strength indicators are remarkably muted reflecting the 1.1500-1.1850 range that has prevailed since mid-May. Recent congestion has centered around the 50 day MA and resistance has been observed in the mid-1.17s. We look to near-term support in the mid/upper-1.16s”. 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 UK: Economy guided by the political developments – Westpac FX Street 5 years In view of FX Strategists at Scotiabank, the near term outlook on EUR/USD remains neutral with expected support in the mi/upper-1.1600s. Key Quotes "Yield spreads remain bearish however measures of sentiment appear to be offering considerable support as risk reversals soften from the extended (bearish) levels observed in May, June, and mid-July". "Bearish momentum indicators have softened to neutral however the trend strength indicators are remarkably muted reflecting the 1.1500-1.1850 range that has prevailed since mid-May. Recent congestion has centered around the 50 day MA and resistance has been observed in the mid-1.17s. We look to near-term support in the… 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.
