EUR/USD: Moderate dips remain a buy – Scotiabank

EUR/USD dips to 1.08 on month-end sales. Economists at Scotiabank expect EUR losses to remain limited.

Broader trend remains bullish

“Further losses remain a risk in the next few hours but I still rather think moderate dips remain a buy.” 

“The broader trend in the EUR remains bullish from a technical point of view and a push on to 1.10+ remains on the cards before a deeper consolidation develops.”

“Support is 1.0775/00.”

See: EUR/USD could extend the rally towards 1.1040/1.1080 on a break past 1.0940 – SocGen