Flash: Short EUR/USD for final target at 1.27 - TDS

FXstreet.com (Barcelona) - The Rates, FX and Commodities Research Team at TDS are playing a sell position in EUR/USD from 1.3268 entered on Sept 10, targeting 1.27, with stop of 1.3415.

Key Quotes

"We shorted EUR/USD earlier this week as the market appeared to be stalling a little below our preferred entry point."

"We think EUR/USD looks rich relative to where short-term spreads suggest it should be trading (our spot/spread regression model suggests fair value around 1.3050 currently)."