TD Research discusses EUR/USD outlook in light of the hawkish tone of this week's ECB minutes.
As we have noted a few times this week, even though data momentum has tailed off a bit, the pullback was shallow, and recent reports reinforce EUR strength.
short-term EUR valuations look clean as well with the single currency trading at our HFFV level, leaving room for a push towards 1.23 before looking to fade," TD argues.
Source: TD Securities ResearchOriginal Article
