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- EUR/USD to revisit the February low at 1.1950 - TDS
EUR/USD to revisit the February low at 1.1950 - TDS
FXStreet reports that Ned Rumpeltin, European Head of FX Strategy at TD Securities, notes the EUR/USD is underperforming after trading below near-term support around 1.2025. This opens the door for the pair to revisit last month’s lows near 1.1950.
“EUR/USD declined through notable near-term support around 1.2025 this morning. This opens the door for the pair to revisit last month’s lows near 1.1950 after the February Flash inflation data printed squarely in line with the market's expectations.”
“With the region's economy still deep in the doldrums, we think the EUR will lag its peers as the euro area continues to underperform on its vaccine rollout program.”
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