FXStreet – The Scotiabank chief analyst Shaun Osborne is set for the Pair in the short term neutral/bearish.
“The EUR/USD fell yesterday under the 1.12 support and in the short term, the technical risk slightly to the downside.”
“Intraday support is located in the upper area of the 1.11 and the wider picture is technically bullish, the short-term, medium – term and long-term Charts.”
“This means that the short-term risk appears to be limited, but under 1,1170 the EUR will extend its losses likely.”
** FXStreet News Editorial, FXStreet**