EUR/USD consolidates below 1.07. Economists at Scotiabank analyze the pair’s outlook. A clear push under 1.06 would pave the way for losses towards 1.
EUR gains are struggling to extend above 1.07. Broader price trends remain negative but the EUR’s heavy sell-off over the past two months leaves it looking oversold. Support is 1.0670/1.0675 and 1.0635. 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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