EUR’s rebound from 200-Day Moving Average test fails to develop. Economists at Scotiabank analyze the pair’s technical outlook. There is solid support
EUR’s rebound from 200-Day Moving Average test fails to develop. Economists at Scotiabank analyze the pair’s technicalThe EUR’s apparently strong rejection on Wednesday of the 200-DMA test has not translated into additional gains so far today. Underlying trend momentum still leans more USD-bullish here too, which is restraining EUR gains. Gains through 1.09 would give the EUR a little more upside momentum.
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