EUR/USD: In 1.1550-1.1850 Range; Dips Attractive Around Current Levels - TD

EUR/USD: In 1.1550-1.1850 Range; Dips Attractive Around Current Levels – TD

EUR/USD is under pressure, trading in the lower end of the range. What’s next?

Here is their view, courtesy of eFXdata:

TD Research discusses EUR/USD outlook and thinks that dips around current levels should provide good entry levels for establishing fresh longs.

“In Europe, the EUR looks set to play its 1.1550 to 1.1850 range while the Brexit bill votes will carry some weight in GBP.

We still believe that the market has priced much much of the bad news in Europe, offering good entry levels here. Most of these currencies screen around 2-sigmas cheap to HFFV and data momentum has recovered smartly.

GBPUSD should be trading around 1.35 and the EURUSD around 1.19,” TD argues.

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Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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