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
U.S. President Donald Trump has claimed that the "Trump Account (530A)" could potentially include Bitcoin. Is this merely a political talk show, or is it a realistic possibility for the f
As of the Asian session on July 7, gold prices ( XAUUSD) fluctuated and weakened near $4,140. From a technical perspective, gold prices rebounded for four consecutive trading days and tou
Silver Price Forecast: XAG/USD rally stalls, sellers eye $60.00Silver price retreats by over 1% on Monday, even as the Greenback and US Treasury yields edge lower, with the white metal threatening to drop below $60 for the first time this week. At the time of writing, the XAG/USD trades at $61.80, after peaking at around $63.28 earlier during the day,
Silver price retreats by over 1% on Monday, even as the Greenback and US Treasury yields edge lower, with the white metal threatening to drop below $60 for the first time this week. At the time of writing, the XAG/USD trades at $61.80, after peaking at around $63.28 earlier during the day,
Gold price (XAU/USD) is down 0.8% to near $4,140 during the European trading session on Monday. The precious metal faces selling pressure as the three-day rally hits a pause after failing to extend above $4,202.
WTI Crude Oil Price Forecast: OPEC Production Increase Combined With Hormuz Strait Navigation May Drag Prices Down to $60.As of the Asian session on July 6, WTI ( USOIL) crude oil prices extended last Friday's rebound during intraday trading, peaking at $69.26 before consolidating around $68.60. From a techn
As of the Asian session on July 6, WTI ( USOIL) crude oil prices extended last Friday's rebound during intraday trading, peaking at $69.26 before consolidating around $68.60. From a techn
Related Instrument
