EUR/USD neutral near term – Scotiabank

FX Strategists at UOB Group noted the pair’s outlook remains neutral in the short term.

Key Quotes

“Intraday price action looks a little soft for EURUSD, with spot easing off the early European high and leaving some negative-looking short-term candle impressions on the intraday chart”.

“The market remains stuck in a range and we look for continued support in the low 1.11s and for resistance to emerge around 1.1175/00 on the day”.