- Analytics
- News and Tools
- Market News
- EUR/USD: Risks remain geared to more strength – Scotiabank
EUR/USD: Risks remain geared to more strength – Scotiabank
EUR/USD trades back under 1.07. Economists at Scotiabank analyze the pair’s outlook.
Gains should pick up a bit more momentum above 1.0710/1.0720
EUR drift from Monday’s peak may be steadying. Intraday price action reflects firm support for the EUR on dips to the mid-1.06 area over the past couple of sessions.
Trend momentum signals remain bullishly oriented on the intraday and daily studies but intraday trend strength has softened.
Risks remain geared to more EUR strength above while 1.0650/1.0660 support holds.
EUR gains should pick up a bit more momentum above 1.0710/1.0720.
© 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
