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EUR/USD neutral near term – Scotiabank

FXStreet (Edinburgh) - According to Eric Theoret, Currency Strategist at Scotiabank, the pair’s perspective is neutral in the short-term.

Key Quotes

“Momentum signals are close to neutral and trend signals are remarkably muted”.

“Recent gains have been remarkably short-lived, hinting to limited potential for sustained strength from current levels”.

“We await a break of the medium-term MA’s (50, 100, 200) clustered between 1.1141 and 1.1179 and look for a decline toward the September lows around 1.1100”.

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