The Euro (EUR) traded narrowly for most of the overnight session before rallying from the upper 1.08s to retest Friday’s intraday high in the low 1.09 area in a spurt of gains through late morning European trade, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR snaps higher through low 1.09s
"Markets are turning more constructive on the EUR outlook on the back of Germany’s fiscal plans. Solid economic data from China, a key export market for Germany, to start the year plus Beijing’s ongoing efforts to boost consumption may be having some positive spillover impact on EUR sentiment."
"EUR/USD is nudging higher to test minor bull breakout resistance around the 1.09 point in early trade. Spot has found firm support on dips top the low 1.08 area, as expected, over the past week. A 'natural' progression for price is to now test the topside of the range."
"A push through 1.0900/10 should see gains extend to retest 1.0950/60—the last, major resistance point ahead of a full retest of 1.12."
作者：FXStreet Insights Team，文章来源FXStreet_id，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.ceo
