Forex

Euro Recovery Stalls Near $1.1550 Resistance

Guavy AI Editorial Team Published August 6, 2026

Instruments

USD

The Euro has seen its recent recovery stall near the resistance level of 1.1550 against the US Dollar, according to Scotiabank.

Fundamentals remain supportive as yield spreads turn, and spot EUR has nearly converged with Scotiabank's fair value estimate based on the 2-year Germany-US spread.

A shift in relative central bank expectations or improved sentiment is needed for further gains, with a near-term range seen at 1.1500-1.1600.

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