Euro Stuck in Mid-1.15s Range Amid Consolidation

The EUR/USD currency pair has been consolidating in the mid-1.15s range, according to Scotiabank's recent analysis.

This consolidation phase is seen as a natural pause after a period of volatility, with the pair finding support from economic data and central bank expectations.

The bank's technical analysts note that the euro's price action reflects a balance between buyers and sellers, with neither currency gaining a decisive edge.

A sustained move above or below the current range could signal further upside or downside, but Scotiabank does not specify exact trigger points.