EUR/USD (Scotiabank) : The Euro is consolidating on Forex waiting for a break of his range

EUR/USD consolidates at the Forex for the time being.

«EUR/USD is consolidating in the lower part of the 1.18 around the MM of 50 days (1.1846) and 38.2% retracement of the fall from September/October.

The signals of momentum are neutral, the strength of the trend weakens.

The graphic weekly shows a bracket on the MM 200 (1.1703).

Support of the short-term is expected to 1.1800 and a resistance above the 1.1880. «

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