2014 predictions: EUR/USD- stay in range trading mode
- The EUR is always just one headline away from a big sell-off;
- EUR/USD has been trading sideways over the last 5 years and this trend is likely to continue;
- The EUR is starting to look overbought on the crosses imho and EUR/CHF remains an enigma;
I’d try and stay in trading mode for the EUR/USD, prepared to buy dips and sell rallies across all time-frames. I’d look for rally-selling opportunities in the EUR crosses.
Prediction: Range trading between 1.33/1.46 for most of the year.