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EUR/USD and USD/JPY divergence - TDS

FXStreet (Barcelona) - Analysts at TD Securities gave a technical snap shot at the Yen and EUR and the divergence through the greenback.

Key Quotes:

EUR/USD's trend lower shows little obvious sign of slowing; consolidation is possible but the bias lower remains intact whilst spot remains below 1.2740/50”.

“Losses should pick up again in the event of a break under 1.2505/10”.

USD/JPY is showing more tangible signs of a turn in the dollar bull trend; lower levels this week will help confirm a mild reversal at least”.

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