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- EUR/USD: Gains through 1.1040 to open up 1.1140/1.1150 in the coming days – Scotiabank
EUR/USD: Gains through 1.1040 to open up 1.1140/1.1150 in the coming days – Scotiabank
EUR/USD regains 1.10. Economists at Scotiabank analyze the pair’s outlook.
Intraday trend momentum is bullish
Solid gains have established a foothold for spot above the 1.10 area.
Intraday trend momentum is bullish and sets the market up for a test of key resistance – and potential bull trigger – at 1.1040. Gains through here target a rise to 1.1140/1.1150 in the coming days.
Support is 1.0990/1.1000.
See – EUR/USD: US CPI may not be enough to trigger a sustained break of the 1.1040 area – ING
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