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- EUR/USD: Gains look corrective ahead of another push lower – Scotiabank
EUR/USD: Gains look corrective ahead of another push lower – Scotiabank
EUR/USD edges off earlier highs above the 1.0650 area. Economists at Scotiabank expect the world's most popular currency pair to tick down.
Risks tilted towards a push to the mid/upper 1.04s
“At this point, gains look corrective ahead of another push lower (weaker EUR intraday below 1.06).”
“Trend momentum signals are leaning bearish on the short-term (intraday and daily) studies, which should limit the EUR’s ability to rally for now.”
“We spot support at 1.0510/15.”
“Risks are tilted towards a push to the mid/upper 1.04s.”
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