EUR/USD (Scotiabank) : A break of 1.1825 could strengthen the rise of the Euro on the Forex short-term

Scotiabank note upside risks on EUR/USD in the short term and should be monitored 1.1825.

«EUR/USD is changing up. The daily chart suggests that EUR/USD strengthens more and more its support on the dips, and that the downward trend since the beginning of September starts to lose momentum.

A rise above 1.1825 would suggest a more strong rebound, at least in the short term. «

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