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
Top 10 crypto predictions for 2026: Institutional demand and big banks could lift BitcoinCrypto’s 2026 outlook hinges on whether institutional demand returns—via ETFs, banks and digital-asset treasury buyers—with BTC facing a wide range between support near $80,600 and a potential $140,259 upside target, while stablecoins, AI tokens, Solana growth and regulation remain key themes.
Crypto’s 2026 outlook hinges on whether institutional demand returns—via ETFs, banks and digital-asset treasury buyers—with BTC facing a wide range between support near $80,600 and a potential $140,259 upside target, while stablecoins, AI tokens, Solana growth and regulation remain key themes.
Silver price (XAG/USD) rallies further to near $72.70 during the early European trading session on Wednesday.
After failing to turn the $90,000 area, Bitcoin (BTC) continues to move within its local range with apparent no clear direction. Some market observers have suggested that the flagship crypto will
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
