EUR/USD set to drop to the 1.14 level – Scotiabank

EUR/USD is steady in the low 1.14s. However, the bear trend is set to persist, economists at Scotiabank report.

Resistance seen at 1.1525/30

“We continue to target 1.14 as the near-term bear objective.”

“The 1.10/1.11 zone remains a very viable objective in the next few months.”

“Resistance is 1.1525/30.”