EUR/USD to test March 2020 low of 1.0636 on a drop below 1.07 – Scotiabank

EUR/USD firmly broke under the 1.08 figure, surpassing last week’s intraday lows, and tested the low-1.07s. After the 1.07 level, the March 2020 low of 1.0636 stands as key support, economists at Scotiabank report.

Resistance after the mid-1.07s is the 1.0780 mark

“The 1.07 zone stands as key support ahead of the next key level of 1.0636 – its March 2020 low.” 

“Resistance after the mid-1.07s is ~1.0780, the 1.08 area and the mid-1.08s.”