Flash: EUR/USD maintains bearish view – TD Securities

FXstreet.com (New York) - The TD Securities Team analyzes the monthly outlook of the EUR/USD.

Key quotes

“The rise in EURUSD stalled near key resistance at 1.3400, and while fundamentally our outlook for the US v. the EZ suggest these levels are rich, the narrowing of Eurozone-US short term spreads has continued to be an important support for EURUSD through the month long rally.”

“A further narrowing of those spreads overnight only reinforces that theme, but we have not shifted our overall bearish view for the months ahead.”