EUR/USD: 1.0989 to be a notable interim pivot - TD Securities

Dhwani Mehta FXStreet

The TD Securities Analysts provide key levels for trading the EUR/USD pair in the day ahead, adding that the downside remains more compelling below the 1.0989 support.

Key Quotes:

“Markets should be rather quiet with the US out on holiday. We are, however, keeping an eye on EURUSD which has temporarily slipped below 1.10 following a solid spate of US data today (including durable goods).

With the Fed comfortably on hold and next week's calendar littered with top-tier data from the ISMs to payrolls, the USD may become more sensitive to data surprise momentum — and specifically, the US — again. 1.0989 will be a notable interim pivot in EURUSD, ahead of the 1.0880/1.0925 support zone.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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