EUR/USD retains a constructive undertone. Economists at Scotiabank notice {that a} weekly shut above 1.0580 shall be technically bullish.
EUR’s technical resilience appears spectacular
“Minor dips are discovering first rate help close to the mid 1.05 zone which can assist revive spot beneficial properties for a retest of the higher 1.05s into the tip of the week.”
“The EUR’s technical resilience appears spectacular, from our perspective; it shrugged off a hefty (technically destructive) loss earlier this week and stays inside putting distance of 1.06.”
“A weekly shut above 1.0580 shall be technically bullish from a medium-term perspective.”
