FXWW News

EUR/USD: Sideways, sideways, and more sideways

The EUR is not a leading currency at the moment, struggling somewhat against the GBP but making strong gains against the CAD and the CHF. EUR/USD typifies this indecision and its been range trading for decades it seems.

There are some large Sovereign bids reported near 1.3525 which will add support on dips but the general market sentiment over recent days has been tending towards bearish, so rallies towards 1.3650 are also likely to find plentiful supply.

Range-trading in other words!

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