EUR/USD: Gains through 1.0760/1.0770 may drive a little more strength in the near term – Scotiabank

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2 April 2024

EUR/USD: Gains through 1.0760/1.0770 may drive a little more strength in the near term – Scotiabank

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.

See – EUR/USD: The 1.0695/1.0700 lows seen in mid-February are an obvious short-term target – ING

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