Buy EUR/USD dips - Scotiabank

Analysts at Scotiabank explained that their outlook for EUR/USD short-term technicals is still bullish.

Key Quotes:

"Spot’s rejection of the mid 1.08 area last week looks a little more significant now that the market has made new cycle highs above the early Monday peak from last week in the low 1.10s."

"The short- and longer-term patterns are looking more constructive from a technical point of view, with the EUR well underpinned by a bullish alignment of trend strength oscillators across a range of timeframes. Buy EUR dips."