- EUR/USD: Gains through 1.09 would give the Euro a little more upside momentum – Scotiabank
Notícias do Mercado
24 agosto 2023
EUR/USD: Gains through 1.09 would give the Euro a little more upside momentum – Scotiabank
EUR’s rebound from 200-Day Moving Average test fails to develop. Economists at Scotiabank analyze the pair’s technical outlook.
There is solid support for the EUR at 1.08
The EUR’s apparently strong rejection on Wednesday of the 200-DMA test has not translated into additional gains so far today. Underlying trend momentum still leans more USD-bullish here too, which is restraining EUR gains.
On the – technical – face of it though, there is solid support for the EUR at 1.08 (200-DMA at 1.0802 today).
Gains through 1.09 would give the EUR a little more upside momentum.
O foco de 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 disclaimerAbrir Conta Demo e Página Pessoal