EUR/USD: Additional gains back above 1.0800 in the session would be supportive of a mild rebound – Scotiabank

FXStreet Insights Team FXStreet

EUR/USD is edging off its intraday low open but remains below 1.0800. Economists at Scotiabank analyze the pair’s outlook.

Resistance is seen at 1.0845/1.0855

EUR/USD losses have edged off the intraday low at 1.0775 and short-term price signals are leaning bullish as a result.

The six-hour chart reflects a potential ‘doji’ candle developing now.

Additional EUR gains back above the 1.0800 zone in the session ahead would be supportive of a mild rebound in the pair at least.

Resistance is seen at 1.0845/1.0855.

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FXStreet Insights Team

FXStreet

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