EUR/USD: Break below Monday low of 1.0660 to trigger a drop to 1.05 – Scotiabank EURUSD ECB Banks
slips after failing to extend through 1.08. Economists at Scotiabank expect the pair to test the Monday low near 1.0660.“ECB officials continue to manage rate expectations astutely, with rhetoric supporting the outlook for more tightening. ECB President Lagarde speaks today. Comments are likely to reaffirm the outlook for another 50 bps hike in Mar and more data dependent hikes thereafter.”
for the single currency and targets a retest of the Monday low near 1.0660. A break below here targets a drop to 1.05.”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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