EUR/USD: Need To Close Above 1.1345 To Reinforce Support – TD

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EUR/USD hit new two-month lows as the situation in Europe worsens. What’s next?

Here is their view, courtesy of eFXdata:

TD Research discusses EUR/USD outlook and highlights the importance of closing above the 1.1345 level to regain some support in the near-term.

“The majors sit mostly in a holding pattern, as the recent sessions showed the market confirming the lower end of the ranges.

We remain headline watchers, especially in regards to a possible US/China trade truce and European politics. The Brexit clock is ticking and EURUSD needs a close above 1.1345 to reinforce support,” TD notes.

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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 the 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.

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