EUR/USD: the euro displays a slight bullish bias in intraday trading (Scotiabank)

Scotiabank believes that the EUR/USD is slightly biased in an upward direction today, although the pair's evolution is expected to remain without a strong trend in the near term.

"EUR/USD declines remain well supported, with the euro rising back again modestly.

We still see support in the 1.1715/20 area and resistance around 1.1840/50.

We believe that irregular bouncing around 1.17/1.18 may extend until the end of the week and possibly even until the end of the year.

Trend indicators are slightly bullish in the short term, raising risks to the upside today."