EUR/USD: Loss of support at 0.9950/60 targets a drop to 0.9885/95 – Scotiabank EURUSD Banks
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.”“Loss of support at 0.9950/60 targets a drop to 0.9885/95.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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