EUR/USD has not been able to sustain gains through the upper 1.06s. Economists at Scotiabank analyze the pair’s outlook.
EUR retains a firm technical profile
The EUR retains a firm technical profile on the short-term charts.
Trend strength signals are developing bullishly for the EUR on the intraday and daily oscillators which should bolster support for the EUR on minor dips.
Near-term gains should be able to extend to 1.0700/1.0750.
Support is 1.0595/1.0600.
See: EUR/USD to move towards the 1.0675/1.0700 area unless US jobs surprise on the upside – ING
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