Scotiabank strategists Shaun Osborne and Eric Theoret note the Euro (EUR) is resilient around 1.1576, with Germany’s ZEW survey showing improving expectations and a slow recovery backdrop. Short-term EUR/USD technicals are described as bullish, with strong intraday and daily momentum. They maintain a near-term objective of a break through 1.1625/50, opening scope for gains towards the mid-1.17s, while support is seen at 1.1515/25.
Euro resilience backed by bullish signals
“The EUR is resilient, but little changed on the session. Germany’s August ZEW survey reflected better-than-expected sentiment, with the Expectations component rising to 34…
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