EUR: TD Bank recommends that traders sell the EUR against the GBP and USD

TD Bank reiterated today its bearish opinion on the euro:

"Our indicators point to a decline of the GBP in light of the Brexit concerns, but we prefer to express this position through the sale of EUR/GBP.

In Europe, the economic calendar is light this week, but traders will nevertheless have to keep a close eye on inflation in the euro zone, whose low level should boost dovish expectations regarding the ECB.

As for the euro dollar pair, we recommend selling in case of rally up to 1.06."