EUR/USD: top reversal formed? - Scotiabank

Analysts at Scotiabank explained that slowly but surely, technical pressure is starting to accumulate on the EUR. 

Key Quotes:

"The 1.14/1.15 range has been the top for the EUR over the past year and Friday’s close was a poor one for the EUR on the week, suggesting an important top/reversal had formed on the longer-term charts. 

We see strong resistance at 1.1450/60 now. Weakness below 1.1245/50 this week should add to pressure on the EUR."