EUR/USD: Trend favours an eventual break under 1.05, opening up the 2017 low of 1.0341 – Scotiabank EURUSD Banks
re it stands. Economists at Scotiabank expect to see an eventual break below 1.05 to open up the 2017 low of 1.0341.“The EUR is clearly still under downward pressure, and while the first decline under 1.05 didn’t hold, the trend favours an eventual break under the figure that leaves limited support markers until the 2017 low of 1.0341.”“After the daily high at 1.0565, the 1.06 area stands as resistance followed by ~1.0625 and the mid-1.06s.
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