EUR/USD’s outlook remains neutral/bearish near-term – Scotiabank

In the view of Eric Theoret, FX Strategist at Scotiabank, the pair’s perspective remains neutral-bearish in the short-term horizon.

Key Quotes

“Daily signals are neutral and the ADX has a trend-less sub-25 reading of 20”.

“We maintain a bearish bias, looking to a break of the 200 day MA (1.1042) with an anticipated decline toward last Thursday’s low around 1.0820”.

“Resistance is expected at 1.1120 and 1.1150”

Mar 16, 2016

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