- Analytics
- News and Tools
- Market News
- EUR/USD struggles to break key resistance at 1.0485 – Scotiabank
EUR/USD struggles to break key resistance at 1.0485 – Scotiabank
EUR/USD has bounced back from sub-1.04 levels. However, the pair has struggled to surpass the 1.0485 mark, that stands as key resistance, economists at Scotiabank report.
Support past 1.04 does not come in until the mid-1.03s
“The EUR’s daily gains stalled around 1.0485, that stands as key resistance ahead of the 1.05 zone, that triggered fresh selling.”
“Support past ~1.0420 and the big figure area does not come in until the mid-1.03s that marked the EUR’s low in mid-May – and could prevent losses to its 2017 low of 1.0341.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
