EUR/USD: The 1.0650/1.0750 range is reachable in the next few weeks – Scotiabank

EUR/USD holds firm trend through the upper 1.05s. Economists at Scotiabank believe that the pair could reach 1.0650/1.0750 in the coming weeks.

Uptrend is intact and not at any obvious risk at the moment

“EUR/USD looks somewhat consolidative but the broader uptrend is intact and not at any obvious risk at the moment.”

“Gains through 1.06 sustain the developing bull trend in the short run and will help lift the EUR towards the 1.0650/1.0750 range we think is reachable in the next few weeks.”

“Support is 1.0525 intraday and (firmer) 1.0450/75.”