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