EUR/USD: Scope for additional losses to the 1.09 level – OCBC

EUR/USD finally held dips below 1.10. Economists at OCBC Bank see the pair with potential to fall as low as 1.09.

1.10 turns into resistance

“The EUR/USD finally held to losses below 1.10. This will likely put the 1.0950 support under pressure, with declines potentially extending towards 1.09 in the upcoming sessions.” 

“1.10 turns into resistance for now.”