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.