Back
25 Feb 2015
EUR/CAD: 1.4075 caps cross near term - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained the bearish conditions surrounding the EUR/CAD today.
Key Quotes:
"Trend momentum is picking up bearishly on the shorter-term studies so we see risks as being firmly planted in the downside camp from a short-term point of view—which serves to bolster our longer-term bearish convictions (firm ceiling at 1.44/1.45 and an eventual move down to the low/mid 1.3s)".
"Look for EUR losses to pick up speed below 1.4075 near-term."
Key Quotes:
"Trend momentum is picking up bearishly on the shorter-term studies so we see risks as being firmly planted in the downside camp from a short-term point of view—which serves to bolster our longer-term bearish convictions (firm ceiling at 1.44/1.45 and an eventual move down to the low/mid 1.3s)".
"Look for EUR losses to pick up speed below 1.4075 near-term."