EUR/USD: Range Low Should Hold; EUR/GBP: Dips A Buy- TD


EUR/USD is struggling close to the lows, while EUR/GBP is sensitive to Brexit headlines and USD/JPY is eyeing the US-Sino trade wars.

Here is their view, courtesy of eFXdata:

TD Research summarizes its tactical views on EUR/USD, EUR/GBP, and USD/JPY.

“European data and politics remain top of mind, with German CPI missing expectations this morning. That won’t do the EUR many favors, but range lows in EURUSD should offer support in the short-run.

The suspension of Parliament boosts the risk of a no-deal Brexit, which should amplify the two-way threats to GBP. That favors dip-buying in EURGBP,” TD notes.

“USDJPY has rallied on the China-inspired risk bounce, though we think 107.50 offers attractive levels to fade. Still, with CHF running a premium to short-term drivers, we note that CHFJPY looks 3% rich,” TD adds.

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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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