#EURUSD @ 1.09378 : Gains should resume on a break above 1.0965/70 intraday – Scotiabank
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EUR/USD holds in narrow range above low 1.09 zone. Economists at Scotiabank expect the pair to resume its race higher on a break above 1.0965/70.
“The EUR is little changed but the fact that spot is consolidating above the late Feb/early Mar high suggests firm underlying support for the currency.”
“The bull trend remains intact and will need little encouragement to reassert itself.”
“Support is 1.0920/25 and – stronger – at 1.0850/75.”
“EUR gains should resume on a break above 1.0965/70 intraday.”
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