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- EUR/USD to plunge towards 1.16 on a break below YTD lows at 1.1704 - TDS
EUR/USD to plunge towards 1.16 on a break below YTD lows at 1.1704 - TDS
FXStreet reports that in the opinion of economists at TD Securities, EUR/USD should find additional support at 1.1704 and 1.16.
“EUR/USD has breached primary support at 1.1750. The next line in the sand is 1.1704, which is the YTD lows. This is the last line of defense before a more substantial move towards the November lows near 1.16.”
“If there is one central bank that is content in lagging the Fed as much as it can, it's the ECB.”
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