EUR/USD steadies in the upper 1.08s. Economists at Scotiabank analyze the pair’s outlook.
Short-term trend momentum has completely flattened as EUR/USD settled in the 1.0850-1.0900 trading range (roughly).
Consolidation appears to be the order of the day for the pair, with the intraday range holding inside Thursday’s range parameters.
Support is 1.0835, the June low. Resistance is 1.0920.
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