EUR/USD to test key resistance at 1.1120/1.1200 in the near-term – TDS

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Economists at TD Securities are biased to further EUR/USD upside.

Lurch higher may be dependent on the interplay between the ECB and NFP

“A lurch higher in the EUR/USD pair may be dependent on the interplay between the ECB and US NFP. All told, we think the ECB has some leeway to credibly sound more hawkish, which means there may be more fluidity around the terminal rate.”

“1.1120/1.1200 is the key resistance area, and we think it is likely we test this near-term.”

Source: https://www.fxstreet.com/news/eur-usd-to-test-key-resistance-at-11120-11200-in-the-near-term-tds-202305041025