EUR/USD danger zone for further losses just under 1.0635

<p>A note from Scotia late last week with a level to watch in the euro.</p><p>In brief:</p><ul><li>EUR sentiment has been weighed by soft economic data from the Eurozone and signs from the ECB that its policy tightening cycle is complete. </li><li>An overhang of long EUR positioning among investors and weak price trends suggest the near-term risk at least may be geared to more EUR losses. </li><li>A move to new lows for the year (below 1.0635) would add to the weak EUR tone.</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.