EUR/USD could recover to the low/mid-1.11s in the next 1-2 sessions – Scotiabank

EUR/USD is consolidating above 1.10. Economists at Scotiabank analyze the pair’s outlook.

Support is seen at 1.1010/15

Short-term trading patterns lean a little more EUR-bullish after the modest gains through European trade pressured a small bull flag on the hourly chart and managed to establish a break higher. 

Patterns suggest the EUR/USD pair could recover to the low/mid-1.11s in the next 1-2 sessions. 

Support aligns at 1.1010/15.

See: EUR/USD will not receive any momentum any longer if the ECB follows the Fed – Commerzbank