Many have tried but nobody has yet convinced me that the EUR/USD is in anything but sideways trade (see chart) with weekly trend-lines coming in now roughly at 1.29/1.34. Of course it will eventually break out of this range but for now there are much more interesting pairs elsewhere. The shorter-term charts suggest a tighter 1.3050/1.3250 range and as we are currently right in the middle of this range, I’d sooner trade NZD/CAD (and that’s saying something!)
