EUR/USD key support under pressure in range - Scotiabank

Analysts at Scotiabank explained that they say “bearish”.

Key Quotes:

"Because intraday price action looks weak, with the EUR tracking a shallow but clear downtrend off of last week’s high (and daily/weekly price signals flashing clearly negative signals)."

"Look for range-trading with a downside bias. Broader technical signals suggest EUR gains are a sell (1.14+). Support is 1.1360/70."