Scotiabank outlook on EUR/USD.

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Scotiabank analysts anticipate a growing pressure on Euro.

“The 1.14/1.15 range has been the top for the EUR over the past year and Friday’s close was a poor one for the EUR on the week, suggesting an important top/reversal had formed on the longer-term charts. We see strong resistance at 1.1450/60 now. Weakness below 1.1245/50 this week should add to pressure on the EUR.” written in the report.

EUR/USD was trading at 1.1316 as of 4:46 PM EDT, which is 0.18% higher than the previous close.

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