Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - TD Securities analysts note that the 40 and 200-day MA cross-over continues to point to EUR appreciation potential and they expect key short-term support at 1.3137 to hold through the next few days. "We still look at the Sep/Dec consolidation as a continuation H&S pattern, implying a little less than 500 ticks of upside potential in the next 1-3 months for EURUSD", they wrote, pointing to the low 1.31 area support (i.e. neckline break-out trigger) to hold up under any further corrective pressure. "We can allow for a brief lapse in price back below 1.3137 but an extended drop below this point would suggest that the near-term move up has stalled", they concluded.