Created
: 2025.08.11
2025.08.11 20:33
The Euro (EUR) is entering Monday's NA session flat against the US Dollar (USD) as it extends its consolidation of last week's gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
"This week's highlight will be the release of German ZEW sentiment survey figures, scheduled for Tuesday. Consensus expectations are low, offering a potential source of sentiment-driven strength for the EUR in the event of a surprise."
"The ECB calendar is empty, and the outlook for relative central bank policy remains an important source of EUR strength as markets continue to soften their expectations for ECB easing."
"The RSI is neutral, reflecting EUR/USD's recent recovery and its subsequent consolidation. The latest range has been incredibly tight, with congestion centered around 1.1650. We see the near-term range bound between 1.1620 support and 1.1700 resistance."
Created
: 2025.08.11
Last updated
: 2025.08.11
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy