Trade The World
EUR firmer but off overnight highs – Scotiabank
By FXStreet Insights Team
Date Published: 7 Aug 2025 | Date Modified: 7 Aug 2025
POPULAR ARTICLES
The Euro (EUR) has made a little progress on the US Dollar (USD) over the course of the session but has backed off of its earlier highs just under 1.17, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
The Euro (EUR) has made a little progress on the US Dollar (USD) over the course of the session but has backed off of its earlier highs just under 1.17, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Riskies reflect bullish sentiment
"EUR/USD risk reversals reflect still bullish EUR/bearish USD underlying sentiment. The 3M risk reversal reflects a 0.75 vol premium for EUR calls, back to the sort of premium seen through late June before the USD sell-off stabilized and reversed marginally. Expect EURUSD to remain well-supported on minor dips."
"Solid gains in the EUR over the past few days brough spot close to 1.17 earlier before a mild dip developed in late morning European trade. I expect spot to remain well-supported on minor dips. Intraday trend momentum is bullish and the daily DMI is turning mildly supportive as well."
"The solid EUR rebound last Friday from the 1.14 area still has potential to extend through 1.17 and retest the recent highs around 1.18 in the near term."
FXStreet
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
