EUR/USD: Sideways range unlikely to break down – Scotiabank

Market news

9 August 2022

EUR/USD: Sideways range unlikely to break down – Scotiabank

EUR/USD pushes higher in quiet and rather featureless dealing. Economists at Scotiabank expect the world’s most popular currency pair to remain confined within its recent range.

Resistance aligns at 1.0285/95

“EUR/USD has been trading in a sideways range since the middle of Jul and, despite the EUR’s intraday gains, there is little sign of that range breaking down any time soon.”

“Short-term support is 1.0135/40.”

“Resistance is 1.0285/95.”

Currencies. Daily history for Tuesday, August 9, 2022

Commodities. Daily history for Monday, August 8, 2022

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