EUR/USD: As always it’s a matter of finding the 200-pip range (1.3575/1.3775)
- The EUR looks quite strong on the crosses with EUR/AUD consolidating gains and EUR/GBP rebounding sharply;
- The break above 1.3625 reinforces the medium-term bullish outlook for EUR/USD;
- Nevertheless, this pair has basically been sideways trading for the last year so don’t get carried away. I’d look to trade a 1.3575/1.3775 range in coming days.