EUR/USD had a minor correction that may have already ended. Is it still overbought? Here are two opinions: EUR: Buy Dips In EUR/USD & Play The Squeeze In EUR/JPY – TD TD FX Strategy Research notes that its high-frequency fair-value model shows that EUR is the most expensive currency in G10. “It has been trading at a 1-simga premium since late June and has been pushing the 2-sigma level since the end of July. Our preference is to buy into (if we ever get one) EURUSD dips, especially on a downside break towards 1.15,” TD advises. For now, TD is looking to short EUR/JPY given the risks to a more pronounced squeeze in the majors. “For EURJPY, we look for a move lower towards the 125.8/126.10 pivot, which is an area that we think offers strong near-term support over the coming weeks,” TD projects. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. EUR: Extreme Positioning Hints At FX Volatility Rise; Better Buy Levels On Temp Pullbacks – CIBC CIBC FX Strategy Research notes that despite picking up a little recently, volatility in the FX market remains fairly low bu that could change if speculative positions are pared. “For many major currencies, such positions are at or near recent extremes (shorts for the yen and longs for the euro and loonie), and as such could see a covering of those positions if economic or market sentiment shifts. Even though we’re fairly positive on the euro longer term, a temporary pullback on long EUR covering could provide some better levels to buy in the near term,” CIBC argues. Yohay Elam 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 View All Post By Yohay Elam Daily Look share Read Next USD/JPY shows us what really matters Yohay Elam 6 years EUR/USD had a minor correction that may have already ended. Is it still overbought? Here are two opinions: EUR: Buy Dips In EUR/USD & Play The Squeeze In EUR/JPY - TD TD FX Strategy Research notes that its high-frequency fair-value model shows that EUR is the most expensive currency in G10. "It has been trading at a 1-simga premium since late June and has been pushing the 2-sigma level since the end of July. Our preference is to buy into (if we ever get one) EURUSD dips, especially on a downside break towards 1.15," TD advises. For now, TD is… 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.