EUR/USD: Gains through 1.0655/60 will add to upside momentum – Scotiabank EURUSD Banks
consolidates around 1.0600. The pair could extend its gains on a break past 1.0655/60 in the short run, economists at Scotiabankr report.“We still rather think the EUR’s recent rally is due a pause or correction lower but intraday price action looks modestly constructive and may develop a little more upside pressure in the short run.”
“EUR/USD losses have been well-supported on sub-1.06 dips; intraday gains that extend through 1.0655/60 will add to upside momentum for a retest of the low 1.07s.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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