EUR/USD is within reach of last week’s 1.0930 high – Scotiabank

EUR/USD probes upper 1.08s. Economists at Scotiabank expect the pair to test last week’s high of 1.0930.

Intraday support looks pretty solid at 1.0830

“A firm, short-term bull trend is supporting a positive EUR technical tone on the short-term charts.”

“Intraday support looks pretty solid at 1.0830; bullish trend momentum signals across a range of time frames implies limited downside scope for the EUR and ongoing pressure for gains to extend.”

“The EUR is within reach of last week’s 1.0930 high; above here targets 1.10+.”