EUR/USD: More range trading around 0.9950 in the short-run – Scotiabank EURUSD Banks
continues to consolidate after last week’s tumble from resistance around the 1.02 zone. Economists at Scotiabank expect the world’s most popular currency pair to hover around the 0.9950 area.“Firm gains Friday have failed to hold and spot continues to press support at 0.9950, ahead of a renewed test of the upper 0.98s.”
“Look for more range trading around 0.9950 in the short run but, absent a clear move through the 1.02 range, the EUR will retain a weak bias.”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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