- Analytics
- News and Tools
- Market News
- EUR/USD: Losses through 1.0925 will point to a more sustained drop in all likelihood – Scotiabank
EUR/USD: Losses through 1.0925 will point to a more sustained drop in all likelihood – Scotiabank
EUR/USD has drifted back through to the upper 1.09s again. Economists at Scotiabank analyze the pair’s outlook.
Rebound through 1.1045/50 required to give the EUR a more sustainable technical bid
Market positioning and uncertainty over the ECB policy outlook suggest the EUR may retain a soft undertone in the short run but bargain hunters may start to show renewed interest in the EUR on dips to the low/mid 1.09 area from here.
Spot trends are soft but EUR losses have slowed as the market nears support defined by the 100-DMA and trend line support off the late 2022 lows at 1.0925. EUR losses through here will point to a more sustained drop in all likelihood.
Resistance is 1.1025 while a rebound through 1.1045/50 is required to give the EUR a more sustainable technical bid.
© 2000-2025. 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
