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23 Sep 2013
Flash:EUR/USD in the near term, 1.3500 is the nearest support to watch-TD Securities
FXstreet.com (Athens)- Greg Moore on behalf of TD Securities Strategy Team, suggests that in the near term, 1.3500 is the nearest support to watch, before the mid 1.34 area comes into view. On the topside, 1.3600/50 are the key levels.
Key Quotes
“Merkel’s CDU party just missed a majority win in Germany which means coalition uncertainty could drag on for some time—never a positive for the EUR. That should leave German headlines an import issue for week.”
“However, Draghi is likely to draw even more attention from the currency today, and several ECB speakers throughout the week should keep the focus on monetary policy. As per the most recent comments we’ve heard, most kep members are likely to emphasize the dovish case, and that could keep the pressure on the Single currency in the short term.”
Key Quotes
“Merkel’s CDU party just missed a majority win in Germany which means coalition uncertainty could drag on for some time—never a positive for the EUR. That should leave German headlines an import issue for week.”
“However, Draghi is likely to draw even more attention from the currency today, and several ECB speakers throughout the week should keep the focus on monetary policy. As per the most recent comments we’ve heard, most kep members are likely to emphasize the dovish case, and that could keep the pressure on the Single currency in the short term.”