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21 Mar 2016
EUR/USD: sellers about between 1.13/14 range - Scotiabank
Shaun Osborne Chief FX Strategist at Scotiabank explained that EUR/USD looks well supported on the short-term charts but trend dynamics are sloppy.
Key Quotes:
"The market’s inability to test the early February high at 1.1375 suggests the broader trend in the EUR remains somewhat sideways"
"Levels to 1.13/14 range are still likely to attract selling interest, which has really been the pattern of trade for the EUR over the past year."
Key Quotes:
"The market’s inability to test the early February high at 1.1375 suggests the broader trend in the EUR remains somewhat sideways"
"Levels to 1.13/14 range are still likely to attract selling interest, which has really been the pattern of trade for the EUR over the past year."