EUR/USD to sink towards 1.08 on a move below the Friday low of 1.0837 – Scotiabank

EUR/USD weakens to mid-1.08s to trade unchanged for the week. Economists at Scotiabank expect the pair to test the Friday low of 1.0837.

Resistance aligns at 1.0875/85 followed by the big figure zone

“Price action points to a test of the Friday low of 1.0837 that stands as the sole support marker ahead of the big figure.”

“Resistance is ~1.0875/85 followed by the big figure zone and 1.0935.”