Analysts at Scotiabank explained the technical outlook for EUR/USD. Key Quotes: “EUR/USD short-term technicals are bearish, with caution.” “EUR is showing signs of near-term stabilization in the mid-1.16s after testing a fresh marginal 2018 low.” “Momentum indicators appear exhausted in oversold territory.” “Additional support appears limited ahead of 1.1550 and near-term resistance is expected above 1.1720.” 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 retreats below 1.3000 from 9-week highs FX Street 5 years Analysts at Scotiabank explained the technical outlook for EUR/USD. Key Quotes: "EUR/USD short-term technicals are bearish, with caution." "EUR is showing signs of near-term stabilization in the mid-1.16s after testing a fresh marginal 2018 low." "Momentum indicators appear exhausted in oversold territory." "Additional support appears limited ahead of 1.1550 and near-term resistance is expected above 1.1720." 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.
