EURUSD: Additional strength to the 1.05/1.07 range on the cards – Scotiabank EURUSD
“While it is a little difficult to pin down a precise reason for the EUR’s pop higher, the technical logic is clear; EUR gains picked up strong momentum after trading through technical resistance at 1.0350 that had capped spot gains three times over the past 24 hours or so.”
“The EUR is now trading well through the high 1.02s which puts additional strength to the 1.05/1.07 range on the cards.”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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