EUR/USD: bearish medium term – Scotiabank

By FXStreet Analysts at Scotiabank explained that minor new lows for spot yesterday generated little or no real follow through interest.

Key Quotes:

“The broader short-term pattern is still essentially sideways and marginal gains mean nothing.

In the meantime, weak price signals on the daily and weekly charts still point to the greater risk of more weakness going forward from our perspective.”
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Source:: FX Street