Euro: Upside limited above fair value against US Dollar – Scotiabank

Euro: Upside limited above fair value against US Dollar – Scotiabank

Source: EODHD - https://www.fxstreet.com/news/euro-upside-limited-above-fair-value-against-us-dollar-scotiabank-202608251408
Published: Aug 25, 2026 10:08 AM

Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD consolidating in the mid to upper 1.16s after stronger German IFO and Gross Domestic Product (GDP) data, which should bolster European Central Bank (ECB) confidence ahead of the September 10 meeting.

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.