#EURUSD @ 1.06295 : Gains look corrective ahead of another push lower – Scotiabank
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EUR/USD edges off earlier highs above the 1.0650 area. Economists at Scotiabank expect the world’s most popular currency pair to tick down.
“At this point, gains look corrective ahead of another push lower (weaker EUR intraday below 1.06).”
“Trend momentum signals are leaning bearish on the short-term (intraday and daily) studies, which should limit the EUR’s ability to rally for now.”
“We spot support at 1.0510/15.”
“Risks are tilted towards a push to the mid/upper 1.04s.”
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