EUR/USD: A keep at bay to the 1.07/1.08 vary remains a possibility within the impending weeks – Scotiabank

Economists at Scotiabank analyze EUR/USD outlook as the pair holds vary.

Key make stronger within the low 1.09s remains prone

Procuring and selling remains vary-sure in discontinuance but the EUR lost flooring unimaginative final week, after being blocked by resistance at 1.10 and retains a prone technical undertone nowadays.

Key make stronger within the low 1.09s (bull channel deplorable at 1.0923 and 40-Day Mvong Average at 1.0931) remains prone.

A keep at bay to the 1.07/1.08 vary remains a possibility within the impending weeks.

See – EUR/USD: Procuring and selling sustainably above 1.10 is premature – ING

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