Scotiabank Sees EUR/USD Bullish Momentum Targeting Mid-1.17s

Scotiabank's technical analysts are predicting further upside for the Euro (EUR/USD) against the U.S. dollar, targeting the mid-1.17s.

This assessment is based on current chart patterns and market dynamics, suggesting strengthening bullish momentum in the Euro.

The bank's analysts point to a break above key resistance levels, which could open the path toward the mid-1.17s target, representing a significant move from current trading levels.

Scotiabank's technical view aligns with fundamental undercurrents, including monetary policy divergences and geopolitical factors influencing the currency pair.