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24 Jan 2024

EUR/USD: Rebound to develop a little more momentum on a push through 1.0925 resistance – Scotiabank

EUR/USD retests the 1.0900 mark. Economists at Scotiabank analyze the pair’s outlook.

Trend strength signals are still leaning EUR-bearish

EUR/USD traded very weakly on Tuesday but failed to crack the 200-DMA support (1.0845) decisively.

Today’s rebound in the EUR is testing pivotal short-term resistance at 1.0910. Gains through the 1.0900 area have been difficult to sustain since the middle of the month and trend strength signals are still leaning EUR-bearish. But the EUR’s rebound from Tuesday’s losses has been impressive and a push through 1.0925 resistance should see the rebound develop a little more momentum.

Jan 24, 2024

USD/CAD Softness through 1.3450/1.3460 may extend to retest the low 1.3400 area again – Scotiabank

USD/CAD drops marginally. Economists at Scotiabank analyze the pair’s outlook.

GBP/USD: Another test of 1.28+ levels would not surprise – Scotiabank

GBP/USD has surged to the upper 1.2700s. Economists at Scotiabank analyze the pair’s outlook.