EUR/USD rises steadily from Monday’s low to regain the 1.09 area. Economists at Scotiabank still expect the world’s most popular currency pair to push above the 1.10 handle.

EUR/USD to retest mid-1.09 on sustained gains through 1.09 today

“Short-term trends look flat for EUR/USD but solid gains off the early week low for spot confers a slightly more positive spin on prospects and the longer run technical patterns remain bullish-leaning.”

“Sustained gains through 1.09 today should see the mid-1.09 are retested. A push to 1.10+ remains the objective for this move.”