EUR/USD at risk of further losses on a weekly close under 1.14 – Scotiabank EURUSD Banks
dips under 1.14. A weekly close below this level would leave the pair at risk of suffering further falls as the technical picture worsen, economists at Scotiabank report.“1.14 stands as key resistance; 1.1420 and the mid-figure zone follow.”
“The EUR may still be maintaining the outlines of a bullish flag pattern and a breakout toward a test of 1.16 is still in the cards, but a close under 1.14 on the week leaves the technical picture looking less positive.”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.
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