EUR/USD gains through 1.2020 should result in 1.2080/00 - Scotiabank

Analysts at Scotiabank explained that EUR/USD found firm support on dips to the low 1.19 area, in line with our expectations and had shown signs of stabilizing ahead of noted support at 1.1890 before the sharp lurch higher in late morning European trade. 

Key Quotes:

"We spot short-term resistance at 1.2015/20, which the market seems to be poised to challenge as the North American session gets underway. Gains through 1.2020 should see the EUR rally extend to 1.2080/00. Charts turn more obviously bullish above 1.21."