EUR losses have extended, with the EUR/USD pair dropping under the 1.08 area. Shaun Osborne, Chief FX Strategist at Scotiabank expect the low 1.07s to offer a solid floor.
Resistance aligns at 1.0825/30
“EUR losses have taken back about half of the past week’s rally and extended a bit more than I expected yesterday when noting the bearish short-term developments on the charts.”
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