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fxAug 6, 2026, 3:14 PM

EUR/USD Recovery Stalls Near 1.1550 Resistance, Scotiabank Says

The euro's rally against the U.S. dollar paused after hitting mid-June highs, with spot nearing fair value estimates based on 2-year yield spreads, according to Scotiabank.

EURUSD

The euro edged lower against the U.S. dollar on Wednesday after facing resistance near the 1.1550 level, a zone last seen in mid-June, Scotiabank noted. The pullback comes as EUR/USD spot has nearly converged with the bank's fair value estimate, derived from the 2-year Germany–U.S. yield spread. Despite the stall, fundamentals remain broadly supportive for the euro as yield differentials turn in its favor.

Source: FXStreet Forex News