23 Jul 2014
EUR seen lower to test 1.3380 - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank said that the EUR is weak.
Key Quotes
“Below its recent range and the February lows. Downside pressure has also built on EUR crosses, with EUR/JPY, EUR/GBP, EUR/CAD and EUR/AUD all having dropped to fresh lows in the last 24hours."
"Building on yesterday’s comment, we see this build as suggesting there is on going downside pressure on EUR, which is likely to pull it lower still”.
“We look for a near-term test of 1.3380."
Key Quotes
“Below its recent range and the February lows. Downside pressure has also built on EUR crosses, with EUR/JPY, EUR/GBP, EUR/CAD and EUR/AUD all having dropped to fresh lows in the last 24hours."
"Building on yesterday’s comment, we see this build as suggesting there is on going downside pressure on EUR, which is likely to pull it lower still”.
“We look for a near-term test of 1.3380."