EUR/USD: A clear push through 1.0880/1.0890 should see gains progress to 1.1000/1.1100 – Scotiabank
Source Fxstreet
EUR/USD nudges higher. Economists at Scotiabank analyze the pair’s outlook.
Narrower EZ/USD spread lifts EUR
EUR/USD has been supported by narrowing spreads versus the USD in the past couple of weeks. A clearly dovish ECB may undermine that trend, and weigh on the EUR, but a hold and ‘no rush’ messaging may support a firmer EUR.
Some positive price signals (spot moving above the 40-DMA at 1.0836) and an alignment of shorter-term (intraday and daily) trend oscillators give the short-term EUR chart a positive spin to start the week.
The EUR’s grind higher since the mid-February low may have a chance to develop a little more momentum and test resistance at 1.0880/1.0890. A clear push through here should see gains progress to 1.1000/1.1100.
Support is firm at 1.0795/1.0800.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Pi Network Price Annual Forecast: PI Heads Into a Volatile 2026 as Utility Questions Collide With Big UnlocksPi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.
Pi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
The USD/JPY pair attracts some buyers during the Asian session on Monday and climbs back above the 153.00 mark following the disappointing release of Japan's Q4 GDP report.
Gold (XAU/USD) attracts fresh sellers at the start of a new week and reverses a part of Friday's strong move up of over $150 from sub-$4,900 levels.
Silver price retreats during the North American session nearly 1%, after reaching a daily high of $78.20.
Related Instrument
