Back
16 Aug 2013
Flash: EUR/USD consolidating highs – TD Securities
FXstreet.com (Barcelona) - Research teams at TD securities said the EUR/USD has spent the night consolidating yesterday’s gains.
Key Quotes:
“EUR/USD has spent the night consolidating yesterday’s gains. along with the rest of the majors, with little regard for a soft, but on-consensus EZ inflation report”.
“Earlier this week we pointed out the long term resistance zone in the mid– to upper-1.33 area on the weekly charts, and that is exactly the consolidation zone where the pair has been hovering since yesterday afternoon”.
“We remain sellers at these levels, but in the case that today’s close is notably above current levels, there would be an increased chance of a further squeeze higher”.
Key Quotes:
“EUR/USD has spent the night consolidating yesterday’s gains. along with the rest of the majors, with little regard for a soft, but on-consensus EZ inflation report”.
“Earlier this week we pointed out the long term resistance zone in the mid– to upper-1.33 area on the weekly charts, and that is exactly the consolidation zone where the pair has been hovering since yesterday afternoon”.
“We remain sellers at these levels, but in the case that today’s close is notably above current levels, there would be an increased chance of a further squeeze higher”.