9 Dec 2013
Flash: EUR/USD, bullet proof bull trend – TDS
FXstreet.com (Barcelona) - A strategist team at TD Securities noted that nothing seems to be able to dent the bull trend in EUR/USD at the moment.
Key Quotes:
“Friday’s strong US jobs number (improving the odds of an earlier QE taper), and this morning’s weak German industrial production number would normally weigh heavily on the pair, but it seems the end of year seasonal trend higher continues to be the dominating force”.
“For the rest of the week, central bank speakers will be the fundamental focus for markets, and for EUR/USD in the near term Fed speakers today and Draghi tomorrow offer the biggest potential to inspire a decent move”.
“EUR/USD is currently consolidating in the resistance zone near 1.3700/20 and a move above here would look to the October high of 1.3829. A pullback would likely look toward the bottom of the November bull channel in the mid to upper 1.35 area”.
Key Quotes:
“Friday’s strong US jobs number (improving the odds of an earlier QE taper), and this morning’s weak German industrial production number would normally weigh heavily on the pair, but it seems the end of year seasonal trend higher continues to be the dominating force”.
“For the rest of the week, central bank speakers will be the fundamental focus for markets, and for EUR/USD in the near term Fed speakers today and Draghi tomorrow offer the biggest potential to inspire a decent move”.
“EUR/USD is currently consolidating in the resistance zone near 1.3700/20 and a move above here would look to the October high of 1.3829. A pullback would likely look toward the bottom of the November bull channel in the mid to upper 1.35 area”.