EUR/USD still buy the dips – Scotiabank

Chief FX Strategists at Scotiabank Shaun Osborne still sees occasional drops in the pair as buying opportunities.

Key Quotes

“EURUSD is lower for a – so far – fourth, consecutive session. Intraday price action looks soft and we do not exclude additional losses near-term as the late Jun run up corrects”.

“We do expect more solid support in the 1.1280/00 area – major highs last month and the 50% retracement of the short-term rally. We favour buying EURUSD dips”.