EUR/USD: Minor corrective drop to mid 1.08s is possible – Scotiabank EURUSD Technical Analysis Banks
A minor top/reversal signal on the intraday chart was struck late last week and the EUR’s drift from the mid-1.09 area suggests near term risks are tilting towards some retrenchment in EUR gains in the short run.
The broader trend higher remains constructive, however, and I think scope for EUR losses is limited to the 1.0840/50 area currently.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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