Flash: EUR/USD maintains broad-based bearishness – TD Securities

FXstreet.com (Lisbon) - The recent selloff in EUR/USD has stabilized overnight after reaching support provided by the 100 and 200-day moving averages late yesterday (currently 1.3135/45), notes the TD Securities Team.

Key quotes

“Upward EZ PMI revisions added to the recent positive data trend in the region, although all eyes are on the ECB tomorrow.”

“Our bias is for higher yields in aftermath which could help lift EUR/USD, at least on a short term basis. More broadly we remain bearish on the pair however.”