EUR/USD: Close above 1.07 to add some bullishness back into the technical picture – Scotiabank

EUR/USD has recovered around half of Wednesday’s decline. The pair needs to close above the 1.07 to improve its technical outlook, economists at Scotiabank report.

Support aligns at 1.0680

“A firm break past 1.07 to close above it on the day would add some bullishness back into the EUR technical picture.”

“Support is 1.0680 followed by the 1.0640/60 zone and yesterday’s low of 1.0627.”