EUR/USD needs to extend gains through 1.1050/1.1060 to show any real technical strength – Scotiabank

EUR/USD needs to extend gains through 1.1050/1.1060 to show any real technical strength – Scotiabank EURUSD Banks

EUR/USD pressures support in the low 1.09s again. Economists at Scotiabank analyze the pair’s outlook.Spreads have moved against the EUR in recent weeks, suggesting the EUR may struggle to strengthen significantly, absent other drivers, for now.

EUR needs to extend gains through 1.1050/1.1060 to show any real technical strength in the near term. 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. You should do your own thorough research before making any investment decisions.

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