A view from Friday on the europ vs the US dollar
Scotiabank (info via Bloomberg ) say they are bullish EU/USD, and that under 1.1100 is a clear buying opportunity,
Citing:
- in light of recently improving economic data
- ECB clearly on the sidelines with no indication that it is rolling out additional stimulus
- fair value is approx. 1.14
Also notes, a little more cautiously:
- real support is 1.1065 to 1.1090 range
- some short term resistance at 1.1145
EUR/USD daily:
