EUR crosses/EUR/USD/FXWW News/Technical Analysis/Trade Ideas

EUR/USD outlook: Range trading likely between 1.3280/1.3425

  • EUR/USD is still unable to generate significant momentum;
  • Banks and prime brokers report heavy buyers near 1.3280 and heavy sellers near 1.3425;
  • EUR/JPY looks bullish but will run into significant technical resistance 132.00/70;
  • EUR/GBP maintains bearish bias whilst below .8600;
  • EUR/CHF is range-bound and EUR/AUD looks likely to re-test 1.5000 sometime soon.

Can’t see any reason to get excited about EUR/USD at the moment; more attractive trades elsewhere.

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