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EUR/USD (Scotiabank) : The technical signals on the Euro Dollar may remain neutral between 1.18 and 1.20 — Forex Stock Trade




EUR/USD (Scotiabank) : The technical signals on the Euro Dollar may remain neutral between 1.18 and 1.20




Scotiabank note that the technical analysis shows a profile neutral for EUR/USD in the range 1.18/1.20.

«EUR/USD has posted rebounds on the area of key support of the short-term around 1.1860 yesterday and during the night, but the pair had gained support in the fall and seems to show a strong rejection at this time after the test.

However, EUR/USD closed lower yesterday, the technical signals could therefore remain neutral until the pair breaks above 1.20 or below 1.18. «



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