EUR/USD to sink towards 1.08 on a move below the Friday low of 1.0837 – Scotiabank

Market news

12 April 2022

EUR/USD to sink towards 1.08 on a move below the Friday low of 1.0837 – Scotiabank

EUR/USD weakens to mid-1.08s to trade unchanged for the week. Economists at Scotiabank expect the pair to test the Friday low of 1.0837.

Resistance aligns at 1.0875/85 followed by the big figure zone

“Price action points to a test of the Friday low of 1.0837 that stands as the sole support marker ahead of the big figure.”

“Resistance is ~1.0875/85 followed by the big figure zone and 1.0935.”

Currencies. Daily history for Tuesday, April 12, 2022

Commodities. Daily history for Monday, April 11, 2022

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