EUR/USD: A push above 1.07 should bolster the Euro’s undertone a little more – Scotiabank

EUR/USD pushes higher to upper 1.06s. Economists at Scotiabank analyze the pair’s outlook.

Short-term trend dynamics are tilting a bit more EUR-bullish

Short-term trend dynamics are tilting a bit more EUR-bullish. 

EUR/USD gains are closing on the 1.07 level again and a push above the figure should bolster the EUR’s undertone a little more for a push on to the 1.0750 range in the short run. 

Support is 1.0600/1.0620.

See – EUR/USD: Breaking below the bottom of this year’s 1.05-1.10 range will be a tough nut to crack – MUFG