• EUR/USD set to drop to the 1.14 level – Scotiabank

Market news

12 November 2021

EUR/USD set to drop to the 1.14 level – Scotiabank

EUR/USD is steady in the low 1.14s. However, the bear trend is set to persist, economists at Scotiabank report.

Resistance seen at 1.1525/30

“We continue to target 1.14 as the near-term bear objective.”

“The 1.10/1.11 zone remains a very viable objective in the next few months.”

“Resistance is 1.1525/30.”

 

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.