Euro: Bullish trend eyes upper 1.17s against US Dollar – Scotiabank

Published Aug 20, 2026 10:13 AM Last refreshed Aug 20, 2026 11:00 AM Source: EODHD Event Time: Aug 20, 2026 10:13 AM

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Euro: Bullish trend eyes upper 1.17s against US Dollar – Scotiabank

Source: EODHD - https://www.fxstreet.com/news/euro-bullish-trend-eyes-upper-117s-against-us-dollar-scotiabank-202608201413
Published: Aug 20, 2026 10:13 AM

Scotiabank strategists Shaun Osborne and Eric Theoret report that EUR/USD gains are being driven mainly by broad US Dollar (USD) weakness, with front-end spreads narrowing since late June and supporting Euro (EUR) fundamentals.

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.

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