FXstreet.com (Barcelona) - TD Securities analysts expect a fragile Euro as uncertainty regarding Spain’s financing and rising chances of a Greek exit will keep the currency under pressure, but Tuesday’s Markit flash PMI could raise speculation about more ECB easing against the economic slowdown.
“Technically, EUR/USD is heading for 1.15 in the near term”, wrote TD securities analysts. “This has been our short-term technical base case since the break below the base of the June consolidation (bear flag) which points to a speedy replication of May’s 1.32/1.22 move”, they added, pointing to strong resistance at 1.2150/75.
“Technically, EUR/USD is heading for 1.15 in the near term”, wrote TD securities analysts. “This has been our short-term technical base case since the break below the base of the June consolidation (bear flag) which points to a speedy replication of May’s 1.32/1.22 move”, they added, pointing to strong resistance at 1.2150/75.
