EUR/USD to test 1.0790 on a break under 1.0840 – Scotiabank EURUSD Banks
dips after another rejection of 1.09. The pair could slump to 1.0790 on a break below 1.0840, economists at Scotiabank report.“Spot has reversed quite strongly from the daily high just above 1.09, giving the intradayturns more EUR-negative below 1.0840 which would put the EUR on course for a test of 1.0790.”
“The broader bull trend remains intact, however, and we continue to anticipate firm support for the EUR on relatively minor dips.”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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