EUR/USD closed out final week strongly and can look to construct on beneficial properties by way of the 1.0700/50 space within the coming days and weeks, economists at Scotiabank report.
Bull development develops on the charts
“European basic information suggests financial resilience and out-performing European shares stay enticing for buyers.”
“Search for spot to stay well-supported on shallow dips.”
“The general technical arrange in EUR/USD stays bullish– a stable development larger is obvious on the brief, medium and long-term charts, backed by solid-looking oscillators. This could imply restricted scope for EUR losses (excessive 1.07s) and ongoing stress for beneficial properties to increase to 1.1000/50.”
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