EUR/USD headed for a test of 1.1890/00 area? - Scotiabank

Analysts at Scotiabank are neutral/bearish on EUR/USD.

Key Quotes:

"EUR/USD is finding some support in the low 1.19 area but there is scant sign of a firm base in place at this point and longer-term price signals are rolling over a little more significantly perhaps for the EUR (a low close on the week will signal a stronger rejection/reversal from the 1.21 area in all technical likelihood). 

We still think near-term risks suggests a test of the 1.1890/00 area at least. 

Look for better selling interest near 1.150/75 for now."