Here’s how the recently-below-parity EUR/USD could turn to technically bullish

Technical Analysis

EUR/USD has had a few dips under parity but so far has shown resilience from under 1.

Analysts at Scotiabank have highlighted a close-by topside level to watch for significance in consolidating a bullish technical picture.

  • EUR(/USD) … price dynamics remain positive for the pair, which maintains the strong, short-term uptrend that developed earlier last week
  • We see support at 1.0050/55 intraday
  • Solid gains above the 1.02 area would be technically bullish from a medium-term point of view

EUR/USD topped out under 1.02 on Monday, but keep an eye on above there say Scotia:

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