12 Jan 2016
EUR/USD: 1.0900 is a good short entry-point - Scotiabank
FXStreet (Guatemala) - Analysts at Scotiabank explained that the short-term patterns are not especially demonstrative in terms of highlighting a particular bias for spot intraday in EUR/USD.
Key Quotes:
"The hourly chart notes resistance at 1.0900/10. Daily patterns are weaker (bearish “evening star”) and suggest a bias towards the downside after the rally through to the mid-1.09s.
We think the 1.09 area is a good risk/reward entry point for EUR short positions. Gains through 1.0975/80 would, however, signal scope for more gains."
Key Quotes:
"The hourly chart notes resistance at 1.0900/10. Daily patterns are weaker (bearish “evening star”) and suggest a bias towards the downside after the rally through to the mid-1.09s.
We think the 1.09 area is a good risk/reward entry point for EUR short positions. Gains through 1.0975/80 would, however, signal scope for more gains."