EUR/USD: Short-term technical undertone is still constructive – Scotiabank EURUSD Technical Analysis Banks
Losses are moderate and the short-term technical undertone is still constructive.
Price action through June so far reflects clear EUR accumulation on weakness – a rounded low is developing on the short-term charts after the EUR’s initial push higher at the start of the month. This is a bullish sign which is typically followed by more dynamic gains after a minor consolidation, such as we may be seeing now. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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