FX Strategists at Scotiabank note the pair could extend the upside momentum to the 1.1750/75 band. Key Quotes “Charts are a little more supportive for the EUR outlook following Thursday’s strong, bullish reversal in price action (key reversal day)”. “EUR gains have been capped at 1.1675 consistently since late last week, however, and the EUR should look for good support now on dips to the 1.1620/30 area if the formation is to deliver any additional, near-term relief. Key support now is 1.1500/10″. “Gains through 1.1675 should see the EUR move up to the 1.1750/75 congestion area fairly quickly”. 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 GBP/USD Technical Analysis: Sterling bulls challenging the 1.3300 level FX Street 5 years FX Strategists at Scotiabank note the pair could extend the upside momentum to the 1.1750/75 band. Key Quotes "Charts are a little more supportive for the EUR outlook following Thursday's strong, bullish reversal in price action (key reversal day)". "EUR gains have been capped at 1.1675 consistently since late last week, however, and the EUR should look for good support now on dips to the 1.1620/30 area if the formation is to deliver any additional, near-term relief. Key support now is 1.1500/10". "Gains through 1.1675 should see the EUR move up to the 1.1750/75 congestion area fairly quickly". 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.
