EUR/USD: DIPS TO THE LOW 1.07 AREA CONTINUE TO DRAW SUPPORT – SCOTIABANK
EUR/USD is little changed in the low 1.07 area. Economists at Scotiabank analyze the pair’s outlook.
Push below 1.0705 to trigger more weakness
Spot gains from the low 1.07 area on Tuesday have reversed somewhat through overnight trade but the EUR still looks to be generating decent interest on dips to the figure area.
A couple of failures at 1.0770 resistance on the intraday chart do, however, raise the rise of more EUR weakness if spot pushes below 1.0705 (minor double top trigger).
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.