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EUR/USD: ADDITIONAL GAINS BACK ABOVE 1.0800 IN THE SESSION WOULD BE SUPPORTIVE OF A MILD REBOUND – SCOTIABANK

amking
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EUR/USD is edging off its intraday low open but remains below 1.0800. Economists at Scotiabank analyze the pair’s outlook.

Resistance is seen at 1.0845/1.0855

EUR/USD losses have edged off the intraday low at 1.0775 and short-term price signals are leaning bullish as a result. 

The six-hour chart reflects a potential ‘doji’ candle developing now. 

Additional EUR gains back above the 1.0800 zone in the session ahead would be supportive of a mild rebound in the pair at least


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