EUR/USD is under pressure, trading in the lower end of the range. What’s next?
Here is their view, courtesy of eFXdata:
TD Research discusses EUR/USD outlook and thinks that dips around current levels should provide good entry levels for establishing fresh longs.
“In Europe, the EUR looks set to play its 1.1550 to 1.1850 range while the Brexit bill votes will carry some weight in GBP.
We still believe that the market has priced much much of the bad news in Europe, offering good entry levels here. Most of these currencies screen around 2-sigmas cheap to HFFV and data momentum has recovered smartly.
GBPUSD should be trading around 1.35 and the EURUSD around 1.19,†TD argues.
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