EUR/USD needs to make progress above resistance at 1.0785 to improve – Scotiabank EURUSD Technical Analysis Banks
The EUR remains well-supported on dips to the upper 1.06s and is developing some positive trend momentum on the 1 and 6-hour oscillators.
Flatter trading since late May does suggest the sustained decline in spot over the past month is stabilizing but the EUR needs to make more obvious progress to improve. A somewhat higher close on the week would be a plus.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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