EUR/USD: Losses looks limited, bull target remains 1.1000/50 – Scotiabank EURUSD ECB Banks
closed above 1.09 yesterday, the first daily close above that point since April last year. Economists at Scotiabank look for firm support on dips and stay bullish.“The EUR is liable to remain well-supported into next week’s ECB meeting where a 50 bps hike and more strong messaging on the rate outlook seems likely, given President“Scope for EUR losses looks limited and charts point to firm support developing just below the figure area .
“The bull trend may pause in the short run but still has solid underpinnings. The bull target remains 1.1000/50.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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