EUR/USD: bearish towards 1.12 zone - Scotiabank

Analysts at Scotiabank explained that they retain a negative technical view of the EUR/USD.

Key Quotes:

"Because we see little strong directional intent on the short-term charts (neutral) and the longer-term price signals remain bearish (negative) after the sharp reversal in spot last week from the 1.16 area."

"EUR/USD likely needs to break 1.1360/65 support to return to the low 1.12 zone."