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.