EUR/USD: this week’s close remains crucial - Scotiabank

Analysts at Scotiabank explained that EUR has broken through last week’s lows and this week’s close remains crucial.

Key Quotes:

"Though still early, the weekly chart is showing signs of a potential ‘evening star’ reversal formation.

Recent resistance has been observed between 1.2400 and 1.2420 and we note the absence of support ahead of 1.2200."