17 Aug 2015
EUR/USD neutral short term – Scotiabank
FXStreet (Edinburgh) - Eric Theoret, Currency Strategist at Scotiabank, reiterated the neutral prospects for the pair in the near term.
Key Quotes
“EUR will remain vulnerable to the broader market tone, with the potential for Greece-driven headlines into Germany’s parliamentary bailout vote on Wednesday”.
“The 86bn bailout was endorsed by euro area finance ministers on Friday, with the first disbursement of aid expected ahead of Thursday’s ECB payment”.
“Signals are modestly bullish however EUR appears vulnerable on a test below 1.1080, breaking below the lower end of last Thursday’s bearish hanging man candle formation. Support is expected at 1.1020”.
Key Quotes
“EUR will remain vulnerable to the broader market tone, with the potential for Greece-driven headlines into Germany’s parliamentary bailout vote on Wednesday”.
“The 86bn bailout was endorsed by euro area finance ministers on Friday, with the first disbursement of aid expected ahead of Thursday’s ECB payment”.
“Signals are modestly bullish however EUR appears vulnerable on a test below 1.1080, breaking below the lower end of last Thursday’s bearish hanging man candle formation. Support is expected at 1.1020”.