EUR/USD dips to 1.08 on month-end sales. Economists at Scotiabank expect EUR losses to remain limited.
Broader trend remains bullish
“Further losses remain a risk in the next few hours but I still rather think moderate dips remain a buy.”
“The broader trend in the EUR remains bullish from a technical point of view and a push on to 1.10 remains on the cards before a deeper consolidation develops.”
“Support is 1.0775/00.”
See: EUR/USD could extend the rally towards 1.1040/1.1080 on a break past 1.0940 – SocGen
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