EUR/USD needs to regain the upper 1.0800 area to enjoy further gains – Scotiabank
Source Fxstreet
EUR/USD remains in the mid 1.0800-1.0900 range. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes the pair’s outlook.
Flat trading in the short run
Intraday price moves leave the EUR/USD pair trading more or less mid-way between support at 1.0800 and resistance at 1.0890.
Trend momentum is weak and suggests flat trading in the short run.
Longer-term price action looks a little more supportive to my eye but spot needs to regain – and hold – the upper 1.0800 area if spot gains are to develop further.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
During today's (June 18) Asian session, gold prices ( XAUUSD) maintained an intraday rebound, boosted by the positive prospect of a potential early signing of the US-Iran agreement, recov
Bitcoin Price Forecast: BTC slips below $64,000 as hawkish Fed stance weighs on risk appetiteBitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.
Bitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.
US-Iran Agreement Brought Forward: Pakistani Prime Minister Confirms US-Iran Agreement Has Taken Effect Immediately, Strait of Hormuz Will Reopen Immediately On Wednesday Eastern Time, U.S. media outlet Axios, citing two U.S. officials, reported that the United States and Iran have remotely signed a memorandum of understanding (MOU) aimed at e
On Wednesday Eastern Time, U.S. media outlet Axios, citing two U.S. officials, reported that the United States and Iran have remotely signed a memorandum of understanding (MOU) aimed at e
If Warsh rejects dot plot projections, it could suppress institutional capital and weaken market risk appetite in the short term, but is a long-term positive for Bitcoin.On June 17, Asian
Three Major International Investment Banks Bearish on Oil Outlook, Citi Expects Brent to Fall to $70. Crude Oil Prices Fall for Four Straight Days to Levels at Start of US-Iraq War.On June 16, after US President Donald Trump sent consecutive signals of geopolitical easing, the two major crude oil benchmarks extended their recent declines and are poised to return to
On June 16, after US President Donald Trump sent consecutive signals of geopolitical easing, the two major crude oil benchmarks extended their recent declines and are poised to return to
Related Instrument
