In opinion of FX Strategists at Scotiabank, the pair could attempt a test of the mid-1.1700s in the near term. Key Quotes “Momentum indicators have entered bullish territory following an impressive recovery from the extended, oversold levels observed in late May”. “DMI’s remain muted however, suggesting limited trend strength reflecting the 1.15-1.1850 range that has held over the past two months”. “EUR is once again attempting a break above its 50 day MA (1.1713) and we look to an extension of near-term gains toward 1.1750 and last week’s high just below 1.18″. 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/CAD extends its consolidative price action around mid-1.3100s FX Street 5 years In opinion of FX Strategists at Scotiabank, the pair could attempt a test of the mid-1.1700s in the near term. Key Quotes "Momentum indicators have entered bullish territory following an impressive recovery from the extended, oversold levels observed in late May". "DMI's remain muted however, suggesting limited trend strength reflecting the 1.15-1.1850 range that has held over the past two months". "EUR is once again attempting a break above its 50 day MA (1.1713) and we look to an extension of near-term gains toward 1.1750 and last week's high just below 1.18". 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.
