EUR/USD has had a solid advance on the day as the pair rebounds from sub-1.06 levels. Economists at Scotiabank analyze the EUR technical outlook.
Major resistance is seen at 1.08
“Short-term EUR trading patterns lean bullish after the drift from yesterday’s high in the mid-1.06s found solid support overnight around 1.0580.”
“Gains through the mid-1.06s target additional EUR gains towards 1.07 potentially.”
“We spot major resistance at the 1.08 level.”
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