EUR/USD neutral near term – Scotiabank

Pablo Piovano FXStreet

FX Strategists at UOB Group noted the pair’s outlook remains neutral in the short term.

Key Quotes

“Intraday price action looks a little soft for EURUSD, with spot easing off the early European high and leaving some negative-looking short-term candle impressions on the intraday chart”.

“The market remains stuck in a range and we look for continued support in the low 1.11s and for resistance to emerge around 1.1175/00 on the day”.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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