EUR/USD: 1.0900 is a good short entry-point – Scotiabank

By FXStreet FXStreet (Guatemala) – Analysts at Scotiabank explained that the short-term patterns are not especially demonstrative in terms of highlighting a particular bias for spot intraday in EUR/USD.

Key Quotes:

“The hourly chart notes resistance at 1.0900/10. Daily patterns are weaker (bearish “evening star”) and suggest a bias towards the downside after the rally through to the mid-1.09s.

We think the 1.09 area is a good risk/reward entry point for EUR short positions. Gains through 1.0975/80 would, however, signal scope for more gains.”
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Source:: FX Street