OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: EUR/CAD with short and medium term downside risks – TD Securities

FXstreet.com (Barcelona) - The EUR/CAD broader tone here continues to suggest consolidation (potential bull flag), but spot is spending quite a bit of time below the short-term MA (28– and 40-day) signals currently (the most, in fact since November). Also, short-term trend momentum is flipping to bearish and the longer-term studies are starting to get dragged along, according to TD Securities analysts Shaun Osborne and Greg Moore, adding long-term concernings signs to it as further weakness through the balance of March would suggest building medium-term downside risks.

"Key short-term support is 1.3200/05. A move back above 1.3340/45 would give the EUR a modest boost but the bias here is gearing towards the cross remaining better offered on rallies while the EUR remains below 1.3550", they concluded.

Forex Flash: UBS revises down EUR/USD forecast to 1.3000 in April and 1.28 in June

The UBS analyst team has cut its EUR/USD forecast for the one-month and tree-month windows and after expecting 1.37 in 1-month and 1.30 in 3-month, the bank is expecting now the pair going to 1.3000 in 1-M and 1.28 in 3-M windows.
Read more Previous

Forex: EUR/USD back at 1.2950/55

After another failed attempt to reach 1.2980, the bloc currency faltered and retreated to the current comfort zone around the mid 1.29s...
Read more Next
Start livechat