Forex Flash: Sell EUR/commodity crosses on ECB - TD Securities

FXstreet.com (Barcelona) - As the EUR trades stuck in a tight range consolidating its price "just below the strong cap in the upper 1.25 area", TD Securities analysts expect Fed's Bernanke speech tomorrow to dictate movement. However, with a ECB rate cut and some form of near term easing in the cards in the opinion of the analysts, the EUR should ease soon, opening an opportunity to sell euros against commodity currencies: "With the question of Fed easing still swirling as well, EUR/commodity crosses may present the better selling opportunity", wrote analysts Shaun Osborne and Greg Moore.