EUR (EUR) is supple, which is a miniature 0.2% compared to the American dollar (USD) with a slight withdrawal from the fresh high highest level, the main strategists of FX Scotiabank, Shaun Osborne and Erica Theoret.
EBC neutral comments
“The latest data included a slight increase in the unemployment rate in the euro area (6.3% vs. 6.2% exp.), And the ECB comments maintained a neutral tone, and a member of GC Rehn emphasizes a two -way risk for inflation. EBC GC CENTENO member also concerned EUR comments.
“The several -month trend is stubborn, and the shoot indicators confirm, but RSI withdraws from the last peaks on the purchased territory (matching the last peaks of exhaustion above threshold 70, in the mid -1970s). We are looking for compact -term support in the lower 1.17S and resistance in the lower 1.18.”
