EUR/USD: Ability to hold up around the 1.07 point suggests some underlying resilience – Scotiabank EURUSD ECB Technical Analysis Banks
ECB policy hawks continue to stress the ‘more ground to cover’ on interest rate messaging , keeping market expectations high for hikes next week and Jul.Solid intraday price gains through 1.07 have triggered a minor double-bottom signal which should see gains extend to the 1.0730 area, with a push through here signaling scope for an additional 60 pips or so of strength.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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