EUR/USD: Resistance likely to develop around 1.0635/1.0645 – Scotiabank
|EUR/USD edges off low to regain 1.06. Economists at Scotiabank analyze the pair’s outlook.
Short-term low may be developing in EUR/USD
Intraday charts suggest a tentative, short-term low may be developing in EUR/USD.
The 1 and 6-hour charts reflect bullish price signals developing over the past few hours.
Whether the EUR can develop any significant upside movement in the near-term remains to be seen though.
Resistance is likely to develop around 1.0635/1.0645. Support is 1.0535.
See: EUR/USD could sink into the 1.0480/1.0510 support area – ING
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