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12 Jun 2013
Flash: Looking for a stronger signal to sell the EUR/USD - TDS
FXstreet.com (Barcelona) - The EUR remains well supported, and as Shaun Osborne, chief FX strategist at TDS notes, continues to defy most of the signals from other markets and within the FX space.
Osborne suspects that the 1.3300 zone, despite currently consolidating above it, is a key pivot that will offer decent resistance.
He goes on saying that "We still favour a lower EUR in the months ahead although we look for a stronger sell signals before jumping more heavily into the bearish camp."
Osborne suspects that the 1.3300 zone, despite currently consolidating above it, is a key pivot that will offer decent resistance.
He goes on saying that "We still favour a lower EUR in the months ahead although we look for a stronger sell signals before jumping more heavily into the bearish camp."