EUR/USD remains capped above 1.13. Economists at Scotiabank expect the world’s most popular currency pair to suffer significant losses on a break under the 1.12 level.

Resistance is at 1.1300/10

“EUR/USD is now targeting yesterday’s low of 1.1263 – with some minor support holding around 1.1280. The currency now faces further losses if it breaks under the mid-figure zone that acts as the next support marker ahead of the 1.12 area.” 

“Beyond the 1.12 area, losses could mount to 1.10.” 

“Resistance is 1.1300/10 followed by the mid-1.13s.”

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. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content


Recommended content

Editors’ Picks

EUR/USD keeps rallying towards 1.0700 on hawkish Lagarde

EUR/USD keeps rallying towards 1.0700 on hawkish Lagarde

EUR/USD is pushing higher towards 1.0700, as the euro capitalizes on the upbeat German IFO and hawkish ECB Chief Lagarde. Lagarde said ECB is in a position to exit negative rates by end of Q3. The US dollar extends its sell-off amid risk-on flows. 

EUR/USD News

GBP/USD surges towards 1.2600 ahead of BOE’s Bailey

GBP/USD surges towards 1.2600 ahead of BOE’s Bailey

GBP/USD is extending gains towards 1.2600 amid broad US dollar weakness and mixed market sentiment. The pair remains firmer around a fortnight's high, as British policymakers sound hopeful of overcoming the Brexit and inflation-led economic woes. Bailey's speech awaited.

GBP/USD News

Gold climbs to two-week high, around $1,865 area amid weaker USD

Gold climbs to two-week high, around $1,865 area amid weaker USD

Gold kicked off the new week on a positive note and build on its recent goodish rebound from the $1,786 region, or the lowest level since late January touched last Monday. The XAUUSD climbed to a nearly two-week high, around the $1,863 zone in the last hour.

Gold News

Cardano whales enter buying spree before the Vasil hard fork

Cardano whales enter buying spree before the Vasil hard fork

Cardano price is showing an interesting set up as it struggles to make a move above a crucial support level. A rejection could lead to a buying opportunity for patient investors before ADA explodes.

Read more

Week Ahead on Wall Street: Options expiry to the rescue on Friday but its official, we are in a bear market

Week Ahead on Wall Street: Options expiry to the rescue on Friday but its official, we are in a bear market

Another wild and volatile week which seems to be the tone so far for 2022. Wild swings throughout the week were mirrored on Friday with wild intraday swings. The S&P 500 did manage to slide into a bear market territory on Friday.

Read more

Forex MAJORS

Cryptocurrencies

Signatures