EUR/USD has the 1.10 mark in its crosshairs – Scotiabank

Market news

13 January 2023

EUR/USD has the 1.10 mark in its crosshairs – Scotiabank

EUR/USD consolidates gains above 1.08. Economists at Scotiabank expect the world’s most popular currency pair to test the 1.10 level.

Minor dips set to remain well-supported

“A solid, technical bull trend in the EUR/USD pair is developing and minor dips are set to remain well-supported as a consequence.”

“EUR gains through the 1.0700/50 zone this week imply more near-term upside risk towards the 1.1000/50 area at least.”

“Resistance is seen at 1.0900/10.”

See: EUR/USD could extend its race higher to the 1.0950 mark – ING

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