FXstreet.com (Barcelona) - Recent sideways action in EUR/USD for last month and a half means for Toronto based TD Securities analyst, Shaun Osborne, the pair is set for a continuation higher. “Short, medium and longer-term chart patterns are all flashing the same message,” the analyst says: “the markets are consolidating ahead of another push up.”
“In the short term, the consolidation has already yielded to a break out,” Shaun notes, adding: “We think 1.3020 is reachable in the next day or so,” he concludes. The pair is last trading at 1.2960.
“In the short term, the consolidation has already yielded to a break out,” Shaun notes, adding: “We think 1.3020 is reachable in the next day or so,” he concludes. The pair is last trading at 1.2960.
