EUR/USD: Sell the rallies to 1.1190 - TDS
|The TD Securities (TDS) Analysts offer their outlook on the EUR/USD pair, given the record low long-term inflation expectations, as highlighted by the ECB’s Survey of Professional Forecasters last week.
Key Quotes:
“The ECB’s Survey of Professional Forecasters revealed that long-term inflation expectations have fallen to all-time lows.
This accounts for much of Thursday's dovish ECB turn and is likely to keep EURUSD under pressure for the foreseeable future.
For now, we think spot will struggle to sustain gains above 1.1190 as the centre of gravity is starting to look lower there.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.