TD Securities analysts suggest that the EUR/USD pair is likely to stabilize after better-than-expected German IFO reading has taken some of the sting out of last week dire German manufacturing PMI report. Key Quotes “It fits with our overall expectation that the region is on a (very) slow road to recovery, but one that will remain hesitant & uneven for some time.” “This should help EUR/USD stabilize further and reinforces the 1.1275 level as a key near-term support. That said, we do not have a huge amount of ambition to the topside.” “We remain of the view that the broader ranges are likely to hold for the foreseeable future as it has survived major assaults over the last couple of weeks from both directions.” 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 USD/CAD Technical Analysis: Set-up remains in favor of bullish traders FX Street 4 years TD Securities analysts suggest that the EUR/USD pair is likely to stabilize after better-than-expected German IFO reading has taken some of the sting out of last week dire German manufacturing PMI report. Key Quotes "It fits with our overall expectation that the region is on a (very) slow road to recovery, but one that will remain hesitant & uneven for some time." "This should help EUR/USD stabilize further and reinforces the 1.1275 level as a key near-term support. That said, we do not have a huge amount of ambition to the topside." "We remain of the view that the broader… 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.
