EUR crosses/EUR/USD/FXWW News

EUR/USD: Look for more slow range trading with focus on crosses

  • PB source suggests that there are strong bids near 1.3600 and heavy offers above 1.3690;
  • EUR/USD has been trading sideways for years and range trading is it’s default mode until something major changes;
  • ECB unlikely to cause any waves later this week;
  • I’m maintaining a bearish bias on crosses like EUR/JPY, EUR/GBP and EUR/AUD but we still need to pick our levels carefully.

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