EUR/USD is consolidating above 1.10. Economists at Scotiabank analyze the pair’s outlook.
Short-term trading patterns lean slightly more EUR-bullish while modest gains through European trade pushed a minor bull flag on the hourly chart and managed to establish a break higher.
Patterns suggest the EUR/USD pair could recover to the low/mid-1.11s in the next 1-2 sessions.
Support aligns at 1.1010/15.
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