TD Research discusses EUR/USD tactical outlook and thinks that a break lower should attract additional follow-through selling pressure.
"The USD remains the best house in a bad G10 neighborhood. At the same time, we think funding pressures in some markets may also be contributing to dollar strength despite recent policy efforts to provide liquidity," TD notes.
"We note EURUSD currently stands only pips above major support around 1.0925. We think a break lower should attract additional follow-through selling pressure. The next key attractor, in our view, comes in at the 1.0820/40 zone," TD adds.