EUR/USD will trade above 1.15 according to Scotiabank.

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Scotiabank analysts provided their bullish outlook on EUR/USD. “European data releases came in weaker than expected overall – softer service sector activity (PMI) and weaker than expected retail sales… It appears, once again, as if the EUR/USD rally has stalled above 1.15 – which has been a graveyard for EUR longs over the past year” written in the report.

EUR/USD was trading at 1.1393 as of 05:30 AM EDT, almost unchanged from the previous close.

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