• EUR/USD: Break under 1.0840 to put a test of 1.0775/1.0800 on the radar – Scotiabank

Noticias del mercado

20 marzo 2024

EUR/USD: Break under 1.0840 to put a test of 1.0775/1.0800 on the radar – Scotiabank

EUR/USD dips back to the lows 1.0800s. Economists at Scotiabank analyze the pair’s outlook.

The short-term downtrend is gathering momentum

ECB President Lagarde reiterated that policymakers need more evidence that inflation is receding but, if data outcomes are in line with current expectations, the central bank can start dialing back rate hikes in June. The ECB would remain data-dependent thereafter and will not pre-commit to policy moves.

The short-term downtrend is gathering momentum but the daily DMI study remains neutral for now. 

A break under 1.0840 puts a test of 1.0775/1.0800 (easily) on the radar. 

Resistance is 1.0875.

 

Enfoque del mercado
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
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: