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    EUR/USD: Bargain hunters to look at dips to near 1.0800 as a buying opportunity – Scotiabank

    Source Fxstreet
    Mar 27, 2024 13:47

    EUR/USD holds a very narrow range in the low 1.0800s. Economists at Scotiabank analyze the world’s most popular currency pair outlook.

    Resistance is seen at 1.0865/1.0875

    Bargain hunters are still likely to look at dips to near 1.0800 as a buying opportunity for now.

    Short-term trend dynamics are neutral while the daily and weekly DMIs still lean, if only moderately, EUR-bullish. That should limit downside pressure on spot in the near term at least. 

    Resistance is 1.0865/1.0875.

    See: EUR/USD can stabilise around 1.0850 – ING

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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