EUR/USD Range-Bound in Mid-1.15s, Says Scotiabank

Scotiabank analysts expect the EUR/USD exchange rate to remain in a narrow trading band, hovering around 1.1550, due to a balance of factors supporting and opposing both currencies.

The euro has found support from a stable European economic outlook and ongoing demand for European assets, but this is offset by the U.S. dollar's strength, driven by expectations of continued Federal Reserve policy tightening and a relatively strong U.S. economy.

This range-bound movement is common when markets are waiting for fresh catalysts, such as central bank meetings, inflation data, or geopolitical developments.

For traders and investors, Scotiabank's forecast implies specific technical levels to watch, with the mid-1.15s area often seen as a psychologically important zone.