Euro Bullish Trend Targets Upper 1.17s Against US Dollar

Scotiabank analysts have predicted that the euro's bullish trend is targeting the upper 1.17s against the US dollar, signaling continued strength for the shared currency.

The bank's strategists note that the EUR/USD pair has maintained a constructive technical posture, with the pair pushing higher within an established uptrend.

This bullish bias is supported by momentum indicators and a series of higher lows on the daily chart, suggesting that buyers remain in control.