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Forex Flash: We become better buyers in the upper 1.30 area, an even more so above 1.3150 - TDS
FXstreet.com (San Francisco) - The Euro is trading higher today against the Greenback with the pair advancing 0.65% on the day to test the 1.3100 frontier. "The EUR continued to be better bid, as it has been since Draghi’s comments at the ECB meeting last Thursday," point TD Securities' analysts Shaun Osborne and Greg Moore.
"That contributes to the more constructive picture of EUR/USD, but the mid 1.30 area seems to be a bit of a sticking point," comment the analysts. As for technicals indicators, MACD, CCI and Momentum are pointing bullish while the Stochastic is bearish in the 1-hour chart.
"We are still more neutral on the EUR," the TDS analysts clarify, "but we become better buyers in the upper 1.30 area, an even more so above 1.3150."
