EUR/USD: Gains through 1.0885 should trigger another leg higher – Scotiabank
EUR/USD is just about trading in the green on the day. Economists at Scotiabank analyze the pair’s outlook.
Upside risks remain
In broad terms, data surprise trends are improving for the EUR and weakening somewhat for the USD – a trend that may continue in the near term, with the US economy showing clear signs of slowing and anticipated headwinds for Europe (mild weather is once again easing energy concerns) failing to develop so far.
EUR/USD gains through 1.0885 should trigger another leg higher in spot.
Support is 1.0810 and 1.0750.
Reprinted from FXStreet_id,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.