- Analytics
- News and Tools
- Market News
- EUR/USD: Short-term charts reflect sideways trading, momentum indicators are flat – Scotiabank
EUR/USD: Short-term charts reflect sideways trading, momentum indicators are flat – Scotiabank
EUR/USD drifts ahead of ECB policy decision. Economists at Scotiabank analyze the pair’s technical outlook.
Support is 1.0700/1.0710, Resistance is 1.0750
Short-term charts reflect sideways trading in spot and momentum indicators are flat.
EUR price action had shown signs of some bargain-hunting buying into last week’s lows near 1.07 but the market’s failure – so far – to develop more of a bid leaves a bit of a question mark over technical prospects.
Support is 1.0700/1.0710. Resistance (minor bull trigger) is 1.0750 on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
