EUR/USD: Sideways range unlikely to break down – Scotiabank

FXStreet Insights Team FXStreet

EUR/USD pushes higher in quiet and rather featureless dealing. Economists at Scotiabank expect the world’s most popular currency pair to remain confined within its recent range.

Resistance aligns at 1.0285/95

“EUR/USD has been trading in a sideways range since the middle of Jul and, despite the EUR’s intraday gains, there is little sign of that range breaking down any time soon.”

“Short-term support is 1.0135/40.”

“Resistance is 1.0285/95.”

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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