EUR/USD (Scotiabank) : The Euro could strengthen its rally if it breaks above the 1.1780

Scotiabank notes that EUR/USD could strengthen its rebound above 1.1780.

«EUR/USD remains in range. The momentum indicators are weak in the short term and the EUR/USD found support on pullbacks in the area of 1.1740.

A rise above 1.1780 could trigger a rise towards the low of 1.18.

A major support comes in at 1.1675, while a key resistance lies at 1.1845/50. «

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