The EURUSD price action remains lacklustre, sticking to the well-contained 1.1550 to 1.1850 range and the next move is likely to see a break to topside as USD rally starts to fizzle out into the fall, suggests the research team at TD Securities. Key Quotes “The Q2 GDP numbers could mark the peak in the divergence trade, especially as the move by Chinese policymakers could mitigate the tails risks to global growth from trade wars.” “A soft NFP report would reinforce this. A USD peak would offer some tactical support for CAD and the break of trend line support near 1.3130 suggests buying dips near 1.2850.” 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 EUR/GBP Technical Analysis: Ascending trend-channel points to additional gains in the near-term FX Street 5 years The EURUSD price action remains lacklustre, sticking to the well-contained 1.1550 to 1.1850 range and the next move is likely to see a break to topside as USD rally starts to fizzle out into the fall, suggests the research team at TD Securities. Key Quotes "The Q2 GDP numbers could mark the peak in the divergence trade, especially as the move by Chinese policymakers could mitigate the tails risks to global growth from trade wars." "A soft NFP report would reinforce this. A USD peak would offer some tactical support for CAD and the break of trend line support near… 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.
