EUR/USD: headed to the mid 1.22's this session? - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank explained that the EUR dipped a little lower than they expected yesterday.

Key Quotes:

"The market does appear to be stabilizing."

"Short-term price action suggests minor low/reversal may be developing now and we look for EURUSD to pick up a bit more support above 1.2225/30 through our session to regain the mid/upper 1.22s."

"The broader (neutral, potentially bullish) sideways range trade remains intact."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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