EUR/USD Surges Above 1.0900: Will It Retest 1.0950?
The Euro (EUR) traded in a narrow range during the overnight session before gaining momentum to retest Friday’s intraday high, approaching the 1.09 mark. As highlighted by Shaun Osborne, Chief FX Strategist at Scotiabank, this upward movement marks a significant resurgence for the Euro. Traders are keenly observing this development, as a sustained rise above 1.0900 could pave the way for a retest of the key resistance level at 1.0950/60. Economic indicators and market sentiments will play a crucial role in shaping the Euro’s trajectory moving forward.