23 Dec 2013
Flash: Time to sell the EUR/USD - TDS
FXstreet.com (Bali) - Some stronger sell signals have emerged that suggest the trend lower could extend in EUR/USD, notes TDS.
Key Quotes
"Fundamentally, we remain bearish on EUR/USD, and with only a handful of trading days left in 2013, seasonal funding issues that have helped support the pair through November/December should be fading."
"Short term rate spreads, option market pricing, and the technical picture are all pointing lower, which means we may not see a better selling opportunity ahead of the New Year."
Key Quotes
"Fundamentally, we remain bearish on EUR/USD, and with only a handful of trading days left in 2013, seasonal funding issues that have helped support the pair through November/December should be fading."
"Short term rate spreads, option market pricing, and the technical picture are all pointing lower, which means we may not see a better selling opportunity ahead of the New Year."