#EURUSD @ 1.09818 : A push above 1.11 could still see the rally extend to test 1.12 – Scotiabank
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EUR/USD is firm but little changed in the low 1.10s on the day. Economists at Scotiabank expect the pair to test levels above 1.12 on a break past 1.11.
“The EUR should remain well-supported on minor dips in the short run at least.”
“Near-term momentum looks neutral but the broader bull tone in this market remains intact.”
“Look for support on dips to 1.0975/1.1025 range in the near-term.”
“A push above 1.11 could still see the rally extend to test 1.12+.”
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