24 Mar 2015
EUR/USD: Comes with a bullish bias - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, chief currency strategist at Scotiabank noted the technical conditions surrounding the EUR/USD.
Key Quotes:
"Short term technicals are slowly shifting towards a bullish bias, with the MACD having shifted into buy territory, the RSI breaking above 51 and candlesticks also turning more positive."
"Resistance lies at the FOMC induced high of 1.1043, followed by the 50‐day MA at 1.1198 and then the Fibo level of 1.1292."
Key Quotes:
"Short term technicals are slowly shifting towards a bullish bias, with the MACD having shifted into buy territory, the RSI breaking above 51 and candlesticks also turning more positive."
"Resistance lies at the FOMC induced high of 1.1043, followed by the 50‐day MA at 1.1198 and then the Fibo level of 1.1292."