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EUR/USD continues to consolidate after peaking around 1.0980 on Friday. Economists at Scotiabank analyze the pair’s outlook.
Some narrowing in Eurozone/US spreads over the past month and relatively firm European equity market gains relative to US benchmarks suggest some additional upside scope towards 1.1000 may be justified.
Minor losses have not developed into a serious setback for the EUR and price rather appears to be consolidating ahead of a renewed push higher (minor bull wedge pattern).
Trend oscillators remain bullishly aligned for the EUR across intraday, daily and weekly studies, which should help limit losses (support is 1.0875/1.0885) and encourage further gains.
Look for EUR strength to resume above 1.0945/1.0955.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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