Scotiabank suggests that the EURUSD at 1.09475 appears weak, but the potential for losses is expected to be relatively low.

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EURUSD Chart by TradingView

EUR/USD eases back to the mid-1.09 area. Economists at Scotiabank analyze the pair’s outlook.

See: EUR/USD unlikely to drift away from a 1.09-1.11 range this month – ING

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