In opinion of FX Strategists at Scotiabank, the pair outlook remains neutral/bullish in the near term horizon and believe a test of the vicinity of 1.1800 remains in the pipeline. Key Quotes “Measures of sentiment suggest a slight moderation in the premium for protection against EUR weakness. Yield spreads are relatively unchanged. Near-term risk lies with Fed Chairman Powell’s testimony and its impact on the broader tone. Final euro area CPI figures are scheduled for release on Wednesday and are expected to show a modest rise in headline inflation to 2.0% y/y”. “EUR remains well supported, extending its recent gains following the completion of a bullish hammer on Friday. We note the near-term importance of the 50 day MA and anticipate additional strength toward its early July high just below 1.18. Momentum signals are modestly bullish however trend strength indicators remain remarkably muted”. 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 US stocks slip during early trade, weighed down by technology shares FX Street 5 years In opinion of FX Strategists at Scotiabank, the pair outlook remains neutral/bullish in the near term horizon and believe a test of the vicinity of 1.1800 remains in the pipeline. Key Quotes "Measures of sentiment suggest a slight moderation in the premium for protection against EUR weakness. Yield spreads are relatively unchanged. Near-term risk lies with Fed Chairman Powell's testimony and its impact on the broader tone. Final euro area CPI figures are scheduled for release on Wednesday and are expected to show a modest rise in headline inflation to 2.0% y/y". "EUR remains well supported, extending its recent gains… 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.
