EURUSD: Neutral/bullish (Tech Views from Scotia)
Price signals look mixed across the
intraday, daily and weekly charts. The short-term pattern of trade suggests the EUR’s
rebound from the early week low has stalled but there are some more positive signals on
the daily and weekly charts that might indicate the EUR is trying to base in a more sustainable way—a high close on the week for the EUR would be a technical positive, I think. Intraday support is 1.0740. Resistance is 1.0790/00.
intraday, daily and weekly charts. The short-term pattern of trade suggests the EUR’s
rebound from the early week low has stalled but there are some more positive signals on
the daily and weekly charts that might indicate the EUR is trying to base in a more sustainable way—a high close on the week for the EUR would be a technical positive, I think. Intraday support is 1.0740. Resistance is 1.0790/00.
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