Euro: Bullish momentum targets mid-1.17s – Scotiabank

Euro: Bullish momentum targets mid-1.17s – Scotiabank

Source: EODHD - https://www.fxstreet.com/news/euro-bullish-momentum-targets-mid-117s-scotiabank-202608181458
Published: Aug 18, 2026 10:58 AM

Scotiabank strategists Shaun Osborne and Eric Theoret note the Euro (EUR) is resilient around 1.1576, with Germany’s ZEW survey showing improving expectations and a slow recovery backdrop. Short-term EUR/USD technicals are described as bullish, with strong intraday and daily momentum.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.