EUR/USD was capped around 0.98 again. Nevertheless, the world's most popular currency pair could develop a test of parity in the coming days, in the view of economists at Scotiabank.
“The charts are really dominated by yesterday’s huge swing and a bullish – for the EUR – outside range session which may set the pair up for a test of parity in the next few days.”
“Key resistance is at 0.9810 intraday.”
“Support is seen at 0.9710/20.”