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. «