EUR/USD to retest the upper 1.08s on weakness via minor help at 1.0930 – Scotiabank

EUR/USD drifts abet to low 1.09s. Economists at Scotiabank analyze the pair’s outlook.

The fast-term pattern remains decrease

The EUR is carving out a huge consolidation differ on the chart following the gradual December/early January paddle towards the USD.

Friday’s volatility clouds the fast-flee outlook to a diploma but, outside of a pass abet above 1.10, the fast-term pattern in spot remains decrease – albeit amid slack pattern momentum. 

Minor help at 1.0930 is wired. Weak point via right here need to restful explore spot retest the upper 1.08s.

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