EUR/USD to extend its gains on a break above 1.15 – Scotiabank

EUR/USD is holding above 1.14. The technical picture suggests the pair needs to break above the 1.15 region to extend its move higher, economists at Scotiabank report.

EUR/USD to test 1.1385/75 on a dip below 1.14

“Support at the 1.14 zone held it up in late-Friday trading and last night to preserve the EUR’s recent uptrend where a break through the high 1.14s and the 1.15 figure (with the 100-day MA at 1.1502) stand as key marks to beat to extend its gains.” 

“Below 1.14, we spot support in the ~1.1375/85 area.”