In opinion of FX Strategists at Scotiabank, the pair should meet some support in the boundaries of 1.1600 the figure. Key Quotes “The EUR has weakened overnight but broader ranges prevail and, in that context, additional losses””potentially towards the lower end of the recent trading range in the low/mid 1.15s””are not to be excluded”. “After stalling above 1.1750 at the start of the week, spot looks poised remain soft and possibly test the 1.16 area into the weekend. We think there should be support for the EUR ahead of the figure area but weakness below last week’s 1.1593 low on the day will serve to reaffirm the risk of additional losses back towards the low 1.15s. We see resistance at 1.1650/80 intraday”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: EUR/USD challenging 1.1650 resistance level after 60-pip drop FX Street 5 years In opinion of FX Strategists at Scotiabank, the pair should meet some support in the boundaries of 1.1600 the figure. Key Quotes "The EUR has weakened overnight but broader ranges prevail and, in that context, additional losses"”potentially towards the lower end of the recent trading range in the low/mid 1.15s"”are not to be excluded". "After stalling above 1.1750 at the start of the week, spot looks poised remain soft and possibly test the 1.16 area into the weekend. We think there should be support for the EUR ahead of the figure area but weakness below last week's 1.1593 low on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
