EUR/USD could dive as low as 1.0100/05 – Scotiabank EURUSD Banks
slide edges under 1.03 support zone. Economists at Scotiabank believe that the pair could extend its slump to 1.0100/05.“Loss of support around 1.0310 has condemned the EUR to some short-term weakness and removed the risk of its rally extending towards the low 1.05 for now.”
“We still think better EUR support will emerge on dips but that could mean near 1.02 or – at worst – nearer more solid, short-term support at 1.0100/05.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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