EUR/USD short profit taking the theme - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the euro down to fresh lows.

Key Quotes:

"EUR dropped to fresh lows yesterday, falling below 1.22 for the first time since August 2012, opening up a potential test to 1.2043, the July 2012 low. Today, with several countries already on holidays, news flow was light, with no data or ECB comments, leaving slight EUR short profit taking as the theme”.

“Technically, the recent low of 1.2165 is support followed by 1.2100; while resistance comes in at recent congestion of 1.2230."