EUR/USD: Trend higher still has legs – Scotiabank EURUSD Banks
nudges higher. Shaun Osborne, Chief FX Strategist at Scotiabank, expects the pair to enjoy further gains.“EUR/USD is trading a little higher overall on the session but short-term price action suggests that gains are a bit of a grind and are attracting some selling pressure on modest gains.”
“The broader trend higher in the EUR has lost a little momentum but the bullish alignment of trend oscillators across the short, medium and long-term DMI studies suggest that the trend higher in spot still has legs and the EUR will remain supported on modest dips .” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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