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23 Jun 2015
EUR/USD poised for further downside – TD Securities
FXStreet (Edinburgh) - Strategists at TD Securities believe the pair could extend its decline further.
Key Quotes
“The failure to progress on good news left the door open for a test towards the lower end of the EUR’s recent consolidation range, in fact”.
“From a short-term perspective, we think weakness in EURUSD overnight is quite instructive”.
“Investors have lightened up positioning considerably in EURUSD in recent weeks and today’s sell-off suggests a easy willingness to add or build short positions relative to the EUR’s struggle to attract additional support above 1.14”.
Key Quotes
“The failure to progress on good news left the door open for a test towards the lower end of the EUR’s recent consolidation range, in fact”.
“From a short-term perspective, we think weakness in EURUSD overnight is quite instructive”.
“Investors have lightened up positioning considerably in EURUSD in recent weeks and today’s sell-off suggests a easy willingness to add or build short positions relative to the EUR’s struggle to attract additional support above 1.14”.