The Euro has been consolidating its gains against the US Dollar at around $1.15 due to limited data releases from the Eurozone this week.
In a note, Scotiabank's analysts pointed out that last week's sharp move higher in the EUR stalled at a broader bear trend line and emphasized that a break above $1.1565 is necessary for further gains.
However, they also highlighted support levels in the 1.1460/80 region.
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