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EUR/USD: GAINS THROUGH 1.0760/1.0770 MAY DRIVE A LITTLE MORE STRENGTH IN THE NEAR TERM – SCOTIABANK

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EUR/USD finds support in low 1.0700s. Economists at Scotiabank analyze the pair’s outlook.

Intraday price action is mildly bullish

Short-term price signals suggest some moderation or stabilization in the soft EUR trend in the short run. 

Intraday price action is mildly bullish, with a stalling signal developing around the test of 1.0725. 

Gains through 1.0760/1.0770 may drive a little more strength in the near term. Key support is 1.0695.


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