EUR/USD: A weekly close above 1.0580 will be technically bullish – Scotiabank EURUSD Banks
retains a positive undertone. Economists at Scotiabank note that a weekly close above 1.0580 will be technically bullish.“Minor dips are finding decent support near the mid 1.05 zone which may help revive spot gains for a retest of the upper 1.05s into the end of the week.”
“The EUR’s technical resilience looks impressive, from our point of view; it shrugged off a hefty loss earlier this week and remains within striking distance of 1.06.” 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.
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