EUR/USD: Losses through 1.0925 will point to a more sustained drop in all likelihood – Scotiabank EURUSD ECB Banks
Market positioning and uncertainty over the ECB policy outlook suggest the EUR may retain a soft undertone in the short run but bargain hunters may start to show renewed interest in the EUR on dips to the low/mid 1.09 area from here.
Resistance is 1.1025 while a rebound through 1.1045/50 is required to give the EUR a more sustainable technical bid.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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