EUR/USD: Strong bearish momentum at present – Scotiabank

EUR/USD drifts lower as bearish perspectives prevail. Economists at Scotiabank expect the pair to remain under pressure.

Resistance aligns at 0.9970

“The only remarkable thing from my point of view is the prevalence of EUR bearishness across the screens and market commentary.”

“The broader bear trend remains intact and enjoys the backing of strong, bearish momentum at present.”

“Resistance is 0.9970 and 1.0000/10.”