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- EUR/USD: Gains through 1.0955 should a little more lift – Scotiabank
EUR/USD: Gains through 1.0955 should a little more lift – Scotiabank
EUR/USD holds in low 1.09 area. Economists at Scotiabank analyze the pair’s outlook.
Euro is generating little or no positive traction
EUR/USD support in the low 1.09 area remains apparent on the short-term chart.
Despite positive short-term price signals – which indicate a low or bullish reversal may be developing – the EUR is generating little or no positive traction.
Gains through 1.0955 should give spot a little more intraday lift.
Support is 1.0875/1.0880.
See: EUR/USD to break 1.09 if the strong condition of the US economy is confirmed – ING
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