Flash: EUR/USD still bearish - TD Securities

FXstreet.com (Córdoba) - The re-emergence of political uncertainty in Portugal over the past 24 hours, and Greece over the past week is finally putting a bit more pressure on the EUR and means that the markets should see a bit more headline risk, according to the TD Securities team.

"EURUSD's close below the 1.30 handle was a sign of bearishness to come, and the pair has tested the low 1.29 area overnight", say the analysts. "Overall we are still bearish on the EUR (against the USD, GBP, and JPY in particular), although with the ECB meeting tomorrow, volatile price action could offer some better selling opportunities".