EUR/USD: neutral/bullish ahead of key 1.21 resistance - Scotiabank

Analysts at Scotiabank are neutral/bullish in the EUR/USD short-term technicals.

Key Quotes:

"EUR/USD has staged an impressive rebound above 1.20, however, considerable resistance lies ahead of 1.21. 

Recent support has been observed in the lower 1.19s around the midpoint of the range from mid-December. 

Daily momentum is neutral and directional indicators have converged."