- Analytics
- News and Tools
- Market News
- EUR/USD: Slide below 1.13 to find support around the mid-1.12s – Scotiabank
EUR/USD: Slide below 1.13 to find support around the mid-1.12s – Scotiabank
EUR/USD slips under 1.13. Economists at Scotiabank expect the pair to find support around the 1.1250 level.
Euro remains at risk of further losses on mounting Russia/Ukraine tensions
“The EUR’s losses since mid-month have today seen it break under the bottom of the upward trending channel where it traded since late-November (at 1.1292). Losses beyond this point may find support at the mid-figure area followed by ~1.1220/35.”
“Resistance is 1.1290/300 followed by ~1.1335.”
“The EUR remains at risk of further losses on escalating risks between Russia and Ukraine (and NATO), as well as tomorrow’s Fed meeting where the bank will likely tee up a rate hike.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
