EUR/USD to see continued gains for a retest of the 1.06 mark – Scotiabank

EUR/USD regains 1.05. Economists at Scotiabank expect the world’s most popular currency pair to retest the 1.06 level.

Support is the 1.05 figure zone

“The EUR’s higher lows and overall still positive trend are supportive of continued gains in the coming days to a retest of the 1.06 mark.” 

“The 1.0550 area stands as resistance with limited levels to watch until the big figure.” 

“Support is the 1.05 figure zone, ~1.0475, and the mid-1.04s.”