EUR/USD is holding near its highest since June. Economists at Scotiabank believe that the world's most popular pair could extend its race higher to the 1.0750 area.

Support aligns at 1.0590

“Bullish momentum remains intact – if somewhat stretched on the daily studies.”

“We think EUR gains can extend to the mid-1.07s (61.8% of the 2022 decline at 1.0747) before a consolidation sets in.”

“We spot minor resistance at 1.0690 intraday. Support is 1.0590.”

See: EUR/USD to rally further to 1.0788, then 1.0944 – Credit Suisse