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- EUR/USD could recover to the low/mid-1.11s in the next 1-2 sessions – Scotiabank
EUR/USD could recover to the low/mid-1.11s in the next 1-2 sessions – Scotiabank
EUR/USD is consolidating above 1.10. Economists at Scotiabank analyze the pair’s outlook.
Support is seen at 1.1010/15
Short-term trading patterns lean a little more EUR-bullish after the modest gains through European trade pressured a small bull flag on the hourly chart and managed to establish a break higher.
Patterns suggest the EUR/USD pair could recover to the low/mid-1.11s in the next 1-2 sessions.
Support aligns at 1.1010/15.
See: EUR/USD will not receive any momentum any longer if the ECB follows the Fed – Commerzbank
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