#EURUSD @ 1.08789 is within reach of last week’s 1.0930 high – Scotiabank
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EUR/USD probes upper 1.08s. Economists at Scotiabank expect the pair to test last week’s high of 1.0930.
“A firm, short-term bull trend is supporting a positive EUR technical tone on the short-term charts.”
“Intraday support looks pretty solid at 1.0830; bullish trend momentum signals across a range of time frames implies limited downside scope for the EUR and ongoing pressure for gains to extend.”
“The EUR is within reach of last week’s 1.0930 high; above here targets 1.10+.”
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