Note

EUR/USD: SET TO TEST RESISTANCE AT 1.0950 – SCOTIABANK

ia7145
· Views 33




Germany’s ZEW Investor Expectations Survey fell to 19.2 in August, weaker than expected and well down from July’s 41.8 read, Scotiabank’s chief FX strategist Shaun Osborne notes.

Bulls strive to break above 1.0950

“The survey was conducted through the recent market volatility, so a weak number is not too surprising. EUR/USD was edging lower ahead of the data and hit the intraday low in the low 1.09s around the ZEW release before steadying. The Euro (EUR) remains well-supported on dips and more range trading appears likely for now.”


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related