6 Dec 2013
Flash: EUR/USD, still waiting for a clearer sell - TDS
FXstreet.com (London) - Strategists at TD Securities noted the price action post NFP’s.
Key Quotes:
“Despite more heavy trading for the pair after the non-farm release, we would need to see much heavier trading today to dent the bullish momentum that has build through most of November/December”.
“Overall, today’s numbers add to our fundamental long-term bearish view on EUR/USD, but with the seasonal tendency for a higher EUR through the end of the year, we continue to look for better selling opportunities”.
Key Quotes:
“Despite more heavy trading for the pair after the non-farm release, we would need to see much heavier trading today to dent the bullish momentum that has build through most of November/December”.
“Overall, today’s numbers add to our fundamental long-term bearish view on EUR/USD, but with the seasonal tendency for a higher EUR through the end of the year, we continue to look for better selling opportunities”.