Euro's "Broader Corrective Undertone is Clear on Weekly chart" say Scotiabank

Euro's "Broader Corrective Undertone is Clear on Weekly chart" say Scotiabank
January 11, 2024 – Written by Tim Boyer

euro-to-dollar-rate-2024

The Euro to Dollar (EUR/USD) exchange rate was again held in tight ranges during Wednesday.

EUR/USD found support just above 1.0920, but secured only a brief move above the 1.0950 level.

There were no significant US developments during the day with an absence of market-moving factors.

According to Scotiabank; “there is little to suggest FX markets are doing anything different…
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