#EURUSD @ 0.99723 : Loss of support at 0.9950/60 targets a drop to 0.9885/95 – Scotiabank
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EUR/USD slid back to the mid-0.99s area. A break below here would clear the way for a fall towards 0.9885/95, economists at Scotiabank report.
“The EUR is still struggling to advance and, after the early week failure/rejection at key trend resistance around the 1.02 mark, the broader outlook remains tilted to the downside.”
“Intraday gains will remain capped around the 1.0010/15 point.”
“Loss of support at 0.9950/60 targets a drop to 0.9885/95.”
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