- Analytics
- News and Tools
- Market News
- EUR/USD: Gains to extend towards the 1.0730/40 resistance zone again – Scotiabank
EUR/USD: Gains to extend towards the 1.0730/40 resistance zone again – Scotiabank
EUR/USD recovers from upper 1.06s. Economists at Scotiabank analyze the world's most popular currency pair technical outlook.
Broader signals are mixed
Modest gains back through the 1.07 area suggest a slightly firmer underlying tone for the EUR on the session, with the chance of gains extending towards the 1.0730/40 resistance zone again.
Broader signals are mixed; the EUR looks soft but has edged decisively off yesterday’s lows while bearish pressure on spot after losing support in the low 1.07s has not been consistent.
© 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
