#EURUSD @ 1.08150 has the 1.10 mark in its crosshairs – Scotiabank

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#EURUSD @ 1.08150 has the 1.10 mark in its crosshairs – Scotiabank

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    EUR/USD consolidates gains above 1.08. Economists at Scotiabank expect the world’s most popular currency pair to test the 1.10 level.

    “A solid, technical bull trend in the EUR/USD pair is developing and minor dips are set to remain well-supported as a consequence.”

    “EUR gains through the 1.0700/50 zone this week imply more near-term upside risk towards the 1.1000/50 area at least.”

    “Resistance is seen at 1.0900/10.”

    See: EUR/USD could extend its race higher to the 1.0950 mark – ING

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