FXStreet Insights Team
21 Jan @ 01:52 (GMT+0)
EUR/USD fails to hold 1.04+ gains – Scotiabank
The Euro (EUR) has slipped back to the mid-1.03 area after failing to hold gains through the low 1.04s yesterday, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
EUR weakens after failing to hold 1.04+ gains
“The EUR is maintaining some of yesterday’s rally. While the failure to hold gains through the low 1.04 area (initial retracement resistance from the EUR’s Sep/Jan decline in the EUR sits at 1.0422) looks a little disappointing, the EUR is holding the break above trend resistance, now support, at 1.0318. A clear move through 1.0420/25 should add to corrective momentum.”
Forex News
Keep up with the financial markets, know what's happening and what is affecting the markets with our latest market updates. Analyze market movers, trends and build your trading strategies accordingly.
