Interbank research favours EUR/USD range trading
The big banks are busy sending their morning research pieces out to their big trading clients and of the 3 I’ve just read, all favour range trading for the EUR/USD:
- Risk sentiment has generally improved although there is a lot of scepticism surrounding any stimulus out of China, more a case of ‘heard it before’:
- Nothing new out of the EZ, with more delays likely and few decisions expected to be made until after the EU leaders meeting at the end of this month:
- Solid sell orders above 1.3015 through 1.3050:
- Solid buy orders starting at 1.2915 though 1.2880:
Buy dips, sell rallies is the uniform cry.