EUR/USD: Ongoing stress for beneficial properties to increase to 1.1000/50 – Scotiabank

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.”