TenkoFX - Analytics


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    EUR/USD: major support seen at 1.1100/10 - Scotiabank Ross J Burland

    Analysts at Scotiabank explained that overhead resistance in EUR/USD in the 1.1290/1.1300 area looks quite strong.Key Quotes:"The EUR has failed in or around that area three times this week (essentially where key medium-term moving averages are clustered - e.g. the 55-day at 1.1310).Intraday price action looks weak and new short-term cycle lows (below 1.1190) appear imminent.We see major support at 1.1100/10."

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