FXStreet (Edinburgh) – Recent price action would suggest that pullbacks in the pair remain limited, according to Shaun Osborne, Chief FX Strategist at Scotiabank.
Key Quotes
“Intraday price action looks soft for the EUR after the drop from the peak in London trade but there is solid underlying momentum behind the EUR’s rally, we think and scope for weakness should remain limited”.
“Intraday, look for support between 1.1410/20 early on. A break back under the figure may see 1.1360/70 retested”.
(Market News Provided by FXstreet)