EUR/USD reversal on the cards below 1.1360 - Scotiabank

Shaun Osborne Chief FX Strategist at Scotiabank explained that EUR/USD has really struggled to maintain the 1.14 level after last week’s month-end fuelled push higher.

Key Quotes:

"Short-term patterns suggest a top is in at 1.1435/40 now but sustained weakness below 1.1360 intraday is needed for spot to push lower towards 1.1300/10.

Daily patterns are showing signs of softness, suggesting some risk of a deeper reversal in the EUR’s recent gains."