EUR/USD: Risks are tilted towards additional gains – Scotiabank

EUR/USD tests technical resistance at 1.0810. Economists at Scotiabank analyze the pair’s technical outlook.

Push above 1.0810 to target an extension in the rebound to the 1.09 area

The EUR grind higher from the late May low looks technically strong and well-developed, suggesting risks are tilted towards additional EUR gains (and firm support on modest dips in the short run). 

A push above 1.0810 targets an extension in the EUR rebound to the 1.09 area. 

Support is 1.0750/60.

See: EUR/USD can consolidate above 1.08 and start rising towards 1.10 on doubts that Fed will hike in July – SocGen