EUR: Buy Dips In EUR/USD & Play The Squeeze In EUR/JPY – TD

TD FX Strategy Research notes that its high-frequency fair-value model shows that EUR is the most expensive currency in G10.

“It has been trading at a 1-simga premium since late June and has been pushing the 2-sigma level since the end of July. Our preference is to buy into (if we ever get one) EURUSD dips, especially on a downside break towards 1.15,” TD advises. 

For now, TD is looking to short EUR/JPY given the risks to a more pronounced squeeze in the majors.  

For EURJPY, we look for a move lower towards the 125.8/126.10 pivot, which is an area that we think offers strong near-term support over the coming weeks,” TD projects.

Source: TD Securities Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews

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