Investors want to build precautionary buffers in addition to their immediate needs. This keeps downward pressure on EUR/USD for the foreseeable future, in the opinion of strategists at TD Securities. Key quotes “The outlook for EUR/USD can pivot quickly. EUR has seen its share of volatility in recent days. Compared to other G10 currencies, however, it has been rather well-behaved.” “Spot has now pushed below the 20 February lows at 1.0778. If sustained, this is the clear break lower we have been looking for.” “Given the high degree of intraday volatility, we would like to see a weekly close below 1.0770 before drawing too many conclusions.” “We do suspect, however, we are transitioning into a new, lower trading range. Our immediate focus now shifts to a test of 1.0570, although we note the early-2017 lows at 1.0341 could also come into view.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold flirting with multi-day lows, below $1475 level FX Street 2 years Investors want to build precautionary buffers in addition to their immediate needs. This keeps downward pressure on EUR/USD for the foreseeable future, in the opinion of strategists at TD Securities. Key quotes “The outlook for EUR/USD can pivot quickly. EUR has seen its share of volatility in recent days. Compared to other G10 currencies, however, it has been rather well-behaved.” “Spot has now pushed below the 20 February lows at 1.0778. If sustained, this is the clear break lower we have been looking for.” “Given the high degree of intraday volatility, we would like to see a weekly close below… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
