Flash: EUR/USD: Defining a Range – TD Securities
FXstreet.com (London) – Strategist at TD Securities noted that the EUR has carved out it’s range from a technical perspective.
“On the charts, 1.3560/70 has become a more solid short term resistance zone for EUR/USD (last week’s high’s, 50-DMA, 50% retrace of Oct/Nov decline), while 1.3500 is the nearest intraday toehold on the downside before the mid 1.34 area comes into view”.
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