EUR/USD: Bears attacking the psychological whole numbers - Soctiabank

FXStreet (Guatemala) - Camilla Sutton, chief FX strategist at Scotiabank explained the bearish tone over the EUR/USD.

Key Quotes:

"EUR/USD short-term technicals: bearish—technicals shifted to bearish several sessions ago and foreshadowed this break lower. Downward momentum is building. Support levels are generally weak as the currency falls to fresh 11-year lows, leaving the whole numbers of 1.1000 and 1.0900 as the next core psychological levels. Resistance comes in initially at the previous low of 1.1098, followed by yesterday’s open at 1.1176