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EUR/USD neutral/bullish near term – Scotiabank

FX Strategist at Scotiabank still sees the prospect of the pair tilted towards the bullish side.

Key Quotes

EURUSD rallied hard from support in the mid/upper 1.18s mid-week but has stalled—badly against minor resistance in the 1.20 area on the day so far”.

“The underlying trend higher remains intact but bull momentum has stalled, which may prompt more sideways movement near-term”.

“We see support (firm) at 1.1860. Resistance is 1.2002. We prefer to look for opportunities to buy”.

US Dollar upside lost momentum near 91.80

The US Dollar Index (DXY), which gauges the buck against a basket of its major competitors, has managed to trim some losses and is now hovering over t
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EUR/GBP eases off daily tops after May's Brexit speech

The EUR/GBP pair started to erase its daily gains following an initial spike to a fresh daily high at 0.8875 during UK PM Theresa May's Brexit speech
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