#EURUSD @ 1.07334 : Support to firm up in the low 1.07s – Scotiabank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
EUR losses have extended, with the EUR/USD pair dropping under the 1.08 area. Shaun Osborne, Chief FX Strategist at Scotiabank expect the low 1.07s to offer a solid floor.
“EUR losses have taken back about half of the past week’s rally and extended a bit more than I expected yesterday when noting the bearish short-term developments on the charts.”
“Look for support to firm up in the low 1.07s (55-day MA at 1.0733, 50% Fib of the EUR rally from the Mar 15th low is 1.0725).”
“Intraday resistance is 1.0825/30.”
[/s2If]
Join Our Telegram Group
