EUR/USD: short-term trend appreciation in the currency to extend a little again? - Scotiabank

Analysts at Scotiabank explained that EUR/USD's “solid” gains observed in spot yesterday were not quite as solid as they had assumed and the EUR gave back some of those gains rather easily over the balance of the day. 

Key Quotes:

"Losses have steadied, however, broader signals remain constructive."

"Look for short-term trend appreciation in the currency to extend a little again."

"Minor resistance stands at 1.1915, stronger resistance resides at 1.1960."