EUR/USD set to push toward minor trend resistance at 1.0955/60 – Scotiabank

EUR/USD rebounds from below 1.09. Economists at Scotiabank analyze the pair’s technical outlook.

Support is now seen at 1.0895/00

Solid gains off the daily low leave a positive impression on the intraday (and, potentially, daily) chart. 

A minor bull reversal signal (outside range) formed in earlier trade on the six-hour chart, setting up spot for a push toward minor trend resistance at 1.0955/60. 

Support is 1.0895/00 now.

See – EUR/USD: The pieces of the investment puzzle have yet to fall into place for a rally – ING