Firm close on the week would boost chances of a modest extension towards 1.0650/1.0750 – Scotiabank

EUR/USD holds gains through high 1.05s. Economists at Scotiabank analyze the pair’s outlook.

Solid resistance remains at 1.0610 and 1.0640

EUR/USD is putting the broader downtrend off the July high under a little more pressure.

Shorter-term trend signals indicate there is some positive momentum developing around the EUR’s push higher. 

Solid resistance remains above the market at 1.0610 and 1.0640 but a firm close on the week would boost chances of a modest extension towards 1.0650/1.0750 at least.

See – EUR/USD: More swings within the 1.05/1.06 range may remain the norm – ING