Forex Flash: EUR/USD should continue to pressure 1.31 - TDS

FXstreet.com (Barcelona) - There is still strong, underlying bullish momentum behind EURUSD, says Shaun Osborne, Chief FX Strategist at TDS, "which should limit weakness and see markets continue to pressure 1.31 the next few weeks" he notes.

"It might still potentially squeeze up to the 1.35 area before fundamental and seasonal pressures start to pull the EUR lower again early next year. We expect the EUR to remain well supported on dips in the near-term" the analyst adds.