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    EUR/USD headed to 1.1100 level? - Scotiabank Ross J Burland

    Analysts at Scotiabank eplained that the short-term price action for EUR/USD looks modestly constructive for the EUR.Key Quotes:"The recovery from the intraday low has broken short-term-trend resistance and has firmed modestly.But we spot short-term resistance near by at 1.1280 and the market traded poorly last week overall, leaving the longer-term price signals looking soft (bearish outside range session Thursday, break of the 50-day MA Friday).We think EURUSD is still at risk of easing back to the 1.11 area at least in the next few weeks."


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