EUR/USD: Late year rally has run its course for now – Scotiabank EURUSD Banks
pops higher but undertone remains soft. Economists at Socitbank expect the pair to consolidate in the next few weeks before pushing higher again.“We still think that positioning and sentiment mean that the EUR’s late year rally has run its course for now and needs to consolidate in the next few weeks before pushing higher again.”
“Spot has edged under minor trend support at 1.0650/55 off the early Nov low which now figures as short-term resistance.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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